JLEN acquires Vulcan Renewables

John Laing Environmental Assets Group has acquired Vulcan Renewables Ltd for a total consideration, including working capital, of £15.3 million.

It said the acquisition, in partnership with experienced operator Future Biogas Ltd, was the company's first investment in the anaerobic digestion sector, further diversifying the company's portfolio of environmental infrastructure projects including, wind, solar, waste and wastewater.

Vulcan Renewables has been acquired from Venture Capital Trusts managed by Downing LLP having provided the original funding into the business in 2012.

At 9:56am: (LON:JLEN) John Laing Environmental Assets Group share price was -0.5p at 107.5p