Redhall Group, an engineering support services outfit, has bought two specialist contractors to the nuclear industry. Redhall has added Steels Engineering Services and Steels Engineering Design to its portfolio following a £2.1 million deal.

Redhall Group, an engineering support services outfit, has bought two specialist contractors to the nuclear industry. Redhall has added Steels Engineering Services and Steels Engineering Design to its portfolio following a £2.1 million deal.

The deal was funded from Redhall’s existing resources and through a £2 million share placing on AIM where the company issued more than 1.1 million shares at 180p each.

These deals increase Redhall’s nuclear and non-nuclear engineering and design operations. The businesses also have a history of working with AWE Aldermaston, which provides warheads for the UK’s nuclear deterrent, one of Redhall’s target clients.

Redhall was advised by law firm Hammonds, led by Steven Glover, head of corporate in its Leeds office.

Wakefield-based Redhall’s engineering service operations include nuclear, oil and gas, defence, safety and security and transport infrastructure.

The Steels businesses were established in 1998 following a management buy-out at Deutsche Babcock. The businesses employ 80 people at offices in Reading and Billingham in Teesside.

The acquired businesses provide a range of design and engineering services to the nuclear, power generation, defence, pharmaceutical and petrochemical sectors.

In the year to October 2006, they made a £200,000 profit before tax and parent company management charges from a £4.8 million turnover.