Irish company Sisk has reached an agreement to acquire Farrans Construction.
Farrans, based in Northern Ireland, is a building and civil engineering contractor working in a range of sectors including renewable energy.
The company has secured a number of onshore wind contracts including RWE’s 63MW Golticlay wind farm in Caithness, Scotland, and ScottishPower Renewables’ Arecleoch and Kilgallioch wind farm extensions.
As part of the sale, which is subject to relevant regulatory approval, the Farrans business will continue to trade under its own brand and all project operations will continue as normal. The consideration will not be disclosed.
Sisk is Ireland’s largest construction and civil engineering company, operating across Ireland, the UK and Europe.
The company said that the acquisition of Farrans will unlock new opportunities for delivering major infrastructure projects across the UK and Ireland.
Sisk chief executive Paul Brown said: “The acquisition of Farrans represents an excellent opportunity for Sisk to broaden its sectoral reach across the UK and Ireland.
“Their strong reputation and track record in delivering complex infrastructure projects aligns well with our strategic growth ambitions.”
Farrans managing director Dominic Lavery said: “This is a positive development for Farrans, and we believe that Sisk is the right strategic fit for our business as we look to the future.
“We’re pleased that Farrans’ people, culture, and brand will be retained, and we look forward to working together to deliver for our clients across the UK and Ireland.”
Sisk is acquiring Farrans from the building materials provider CRH.