Origin Enterprises acquires Neo Environmental
31st Mar 2023
We are pleased to announce the acquisition of Neo Environmental Limited ('Neo').
Neo is a multi-disciplinary consultancy business that provides market-leading planning, environmental and technical advice to a range of clients, primarily in the energy and infrastructure sectors across the UK & Ireland. Neo, in conjunction with our existing ecological specialist business Keystone Environmental, will ensure we are positioned to provide an enhanced range of consulting and advisory services.
Origin Chief Executive Officer, Sean Coyle, said: “The acquisition of Neo Environmental aligns with our strategy to broaden the Group’s amenity, environmental and ecological portfolio and enhances our ability to deliver on our ambition of promoting sustainable land use.
In addition to clients in the energy and infrastructure sectors, as subsidy regimes change, we expect farmers will continue to assess alternative uses for less productive agricultural land. Neo, in conjunction with our existing ecological specialist business Keystone Environmental, will ensure we are positioned to provide an enhanced range of consulting and advisory services. We are delighted to welcome Neo to the Origin Group and look forward to working with the team.
Following the completion of our €20 million share buyback programme this week, which has seen a cumulative €60 million returned to shareholders via share buybacks in the last two years, we expect our near-term capital deployment will be focused on further bolt-on acquisitions, strategic capex to drive organic growth and our progressive dividend policy.”