“We are investing substantial sums to build an infrastructure and platform to drive growth over the next few years” – Edison Group.
Scottish construction business Edison Group has acquired paving contractor The Edinburgh Driveway Company for an undisclosed sum.
The deal marks recent and further company expansion by Edison, as part of its ongoing growth strategy and revenue targets.
“We remain firmly in the market to acquire businesses that are complementary to our Group activities and are projecting sales of £20 million on a rolling 12-month basis by the end of 2023, driven both by further, already-planned strategic acquisitions and organic growth,” said Edison.
In December last year, Edison also acquired Glasgow shopfitter, GDC Design, which is forecasting sales of £4 million in 2023.
It said this latest acquisition however had secured eight new contracts for the Group and added five more to its pipeline.
The Edinburgh Driveway Company (TEDC) is headquartered in Livingston and has been running for 12 years.
The Marshalls approved contractor provides a range of driveway, landscaping and artificial grass products and services, including design.
“The Edinburgh Driveway Company’s activities fit neatly into our existing range of construction and property offerings, and we anticipate the expansion of its operations across the whole of Scotland and the rest of the United Kingdom,” said Edison.
Adding: “We are investing substantial sums to build an infrastructure and platform to drive growth over the next few years with an expanded offering which includes construction, project management, architectural services, bespoke joinery, furniture manufacture, interior design, interior fit-out, all trades, driveways, landscaping, property maintenance and refurbishment.”
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