Kier Group
From Wikipedia, the free encyclopedia
| Kier Group plc | |
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| Type | Public (LSE: KIE) |
| Founded | Circa 1920 |
| Headquarters | Sandy, Bedfordshire,England |
| Key people | Peter Warry, Chairman John Dodds, CEO |
| Industry | Construction, Civil engineering |
| Revenue | £1,838.3 million (2006) |
| Operating income | £59.2 million (2006) |
| Net income | £42.9 million (2006) |
| Employees | 8,716 (2006) |
| Website | www.kier.co.uk |
Kier Group plc is a business active in building and civil engineering as well as mining and property development. It is a constituent of the FTSE 250 index.
Contents |
[edit] History
The company was founded by Olaf Kier, a Danish engineer, in the 1920's[1]. In 1973 J L Kier, as it became known, merged with W C French, another contractor, to form French Kier Holdings[2] and in 1986 French Kier was acquired by Beazer PLC[3]. In 1991 Hanson bought Beazer PLC[4] and immediately decided to dispose of its contracting business. The contracting business was the subject of a management buy-out from Hanson in 1992[5] and became listed on the London Stock Exchange in 1996.
[edit] Structure
The company has five divisions: Construction, Support Services, Residential, Property and Project Investments[6].
[edit] Major projects
Projects involving the Company have included the Lesotho Highlands Water Project completed in 1998[7], Hairmyres Hospital completed in 2001[8] and Snowhill, in Birmingham, which is still under construction[9].
[edit] References
- ^ Kier Support Services website
- ^ Notes on Financial Times Actuaries Index 1973
- ^ Notes on Financial Times Actuaries Index 1986
- ^ Hanson to buy Beazer in $609m deal New York Times, 1991
- ^ Buy out - yes; sell out - no Contract Journal 1994
- ^ Kier: Structure
- ^ Corner House
- ^ Scottish Government PFI datasheet
- ^ Kier Build secures £66m Snow Hill contract
