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23 January 2018
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Carillion snaps up John Laing's FM business

John Laing headquarters
John Laing headquarters
18 October 2013
   

John Laing Integrated Services, the support services and FM arm of John Laing, has been sold to Carillion in a deal of undisclosed value which completed last Friday, 18th October.


The sales follows John Laing's decision to focus on what it now sees as its core business of bidding for, investing in and managing infrastructure projects. "As a result," said the company in a statement, "the future prospects for growth of JLIS activities falls outside the core John Laing business model."

All 1,510 staff currently employed in JLIS have transferred to Carillion. Adrian Ewer, chief executive of John Laing, commented: ‘Our decision to dispose of JLIS underlines our commitment to our principal investment and asset management activities. JLIS has made significant progress over the last few years, but it no longer fits within our core strategy. We are confident that under its new ownership, the business will see future growth within the public sector and benefit from being a part of an integrated support services company.’

The sale of JLIS follows John Laing's restructuring, announced earlier this year, in which the company was split into three core divisions to reflect the changes in its principal target infrastructure markets: Primary Investment activities (sourcing, bidding for and winning greenfield infrastructure projects); Secondary investment activities (involving holding operational infrastructure projects, mostly originated by the group’s primary investment business); and asset management services (to both the group’s primary and secondary investment portfolios).