Construction management company Hill International, Marlton, said today that it is expanding into Poland by acquiring Euromost Polksa Sp. z o.o, a construction consulting firm.
Euromost, based in Warsaw, works on commercial, industrial, retail and residential construction projects of varying sizes, Hill said in a news release. It has 130 employees with offices also in Krakow, Wroclaw and Gdynia.
The principal selling shareholder, UK-based construction consultancy Jackson Coles, said it would focus more on its British business after selling off Euromost. Terms of the deal were not disclosed.
Euromost logged $11.1 million in net revenues in 2007 and $2.2 million in profits, according to the company's unaudited financial results, Hill said.
The acquisition gives Hill and Euromost a combined global staff of 2,000 employees in 70 offices.
Hill provides program and project management services and construction management and claims services.
Hill shares were trading at $15.32 this morning on the New York Stock Exchange, down $0.08 from yesterday's close.