Highlights –

  • Ricardo will get an opportunity to expand into adjacencies as it has a solid customer base in the mining and Australian government sectors.
  • Inside being based in Adelaide, Australia, will improve Ricardo’s presence in water, utilities, mining, and government sectors.

Ricardo plc, a world-class environmental, engineering, and strategic consulting company, has signed an agreement to acquire Inside Infrastructure, which is a private-held consultancy business based in Adelaide, Australia. The financial details of the agreement have not been disclosed. But the deal includes the acquisition of operating assets and the entire business. Employees will also expand Ricardo’s capabilities throughout Australia with the medium of Inside Infrastructure.

Inside Infrastructure brings a plethora of environmental and technical advisory services through a team of 25 specialists, aiding water, utility, mining, healthcare, infrastructure, and government sectors to manage their projects and assets.

The partnership

The customer base of Inside Infrastructure complements Ricardo’s existing presence in water and utilities and offers Ricardo the opportunity to expand into adjacencies as it has a solid customer base in the mining and Australian government sectors. Ricardo already has a strong presence in Australia with upstream policy and consultancy services. The acquisition will build on this and extend its implementation capability.

Experts’ view

Graham Ritchie, Ricardo CEO, said, “Ricardo’s continued investment in the environment sector aligns with the significant global demand to address climate change and deliver more ambitious action on decarbonization.”

“Inside Infrastructure fits well within all the characteristics of our investment strategy – it’s environmentally led and strengthens our current market position as well as an opening into new growth sectors.”

The contract is subject to customary closing conditions and is expected to conclude within the next month.