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An announcement from Ricardo ( (GB:RCDO) ) is now available.
Ricardo plc has completed the sale of Ricardo Defense Inc. to Proteus Enterprises LLC and Gladstone Investment Corporation for $85 million. This strategic move allows Ricardo to focus on its core consulting services, particularly in environmental and energy-transition sectors, while utilizing the proceeds to fund the acquisition of E3 Advisory, an Australian infrastructure advisory firm.
More about Ricardo
Ricardo Group plc is a global strategic, environmental, and engineering consulting company listed on the London Stock Exchange. With over 100 years of engineering excellence and nearly 3,000 employees across more than 20 countries, the company specializes in innovative cross-sector sustainable solutions supporting energy transition, environmental services, and safe, smart transport solutions.
Average Trading Volume: 197,572
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £261.2M
Learn more about RCDO stock on TipRanks’ Stock Analysis page.
