|
|
|
|
|
|
| Acquisition will strengthen Crawford's International Construction & Engineering expertise |
London, July 30, 2014 - (ACN Newswire) - Crawford & Company today announced that it has finalized the purchase of Buckley Scott, a UK-based international construction and engineering adjuster. The acquisition of Buckley Scott will enable Crawford to significantly expand its construction and engineering business in the UK, the London Market and internationally.
"The acquisition of Buckley Scott represents the latest step in our strategy to expand our presence in specialist claims handling where we can demonstrate our expertise and quality," said Ian Muress, Chief Executive Officer, Europe, Middle East, Africa & Asia Pacific. "By combining our strengths in international construction and engineering adjusting, we are well positioned to lead this demanding and very important market sector."
Ian Muress continues: "This is a very natural fit for Crawford. With the combination of the two companies' existing skills and resources, we are well positioned to meet the needs of our mutual clients' technical and specialist adjusting needs. We are uniting two strong companies to be the clear leader in this sector and to innovate new solutions to constantly make us the first choice for our clients. The integration of Buckley Scott into Crawford is a very positive step for the company's future development, its employees, clients and business partners, and shows our strong corporate commitment to the UK."
Jeremy Buckley, Managing Director, Buckley Scott said: "With many years of personal investment in Buckley Scott, it was imperative that we became part of an organisation which enhanced our existing skills and client relationships. This move will take our hard-earned specialist strengths and build on these to create a new and leading market proposition with a large team of construction & engineering professionals based in the UK. After considerable deliberation, Crawford was by far the best organisation for Buckley Scott to join. I have been impressed by the way they are combining global capability and financial stability with ambition and transformational change. I am delighted to be working with Crawford & Company."
About Crawford
Based in Atlanta, Ga., Crawford & Company (www.crawfordandcompany.com) is the world's largest independent provider of claims management solutions to the risk management and insurance industry as well as self-insured entities, with an expansive global network serving clients in more than 70 countries. The Crawford Solution(SM) offers comprehensive, integrated claims services, business process outsourcing and consulting services for major product lines including property and casualty claims management, workers compensation claims and medical management, and legal settlement administration. The Company's shares are traded on the NYSE under the symbols CRDA and CRDB.
For more information, please contact:
Lynn Cufley, Communications Director
T: +44 (0) 207 265 4067
M: +44 (0) 7585 901936
lynn.cufley@crawco.co.uk
###
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Crawford & Company via Globenewswire
Topic: Merger & Acquisition
Source: Crawford & Company
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
