Ricardo clinches Cascade deals

19th Aug 2015 10:29

(ShareCast News) - Engineering and consulting firm Ricardo has reached an agreement to buy British environmental consultancy group Cascade Consulting Holdings, for an undisclosed sum.The London-listed group did not offer any financial the details of the mutually agreed deal.Ricardo added the deal with Cascade, which provides environmental consultancy services to Britain's water sector, will increase the group's capacity and reach in this area."Cascade Consulting has an established market reputation and [...] will enable the Ricardo business to start to deliver on its strategic growth objectives within the water sector both in the UK and internationally," said group chief executive Dave Shemmans.Ricardo shares were up 0.19% to 946.33p at 1036 BST on Wednesday.