CDD cardno limited
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News: Cardno acquires Sydney survey company

  1. FNN News
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    02/11/12
    08:42
    Post #: 10947596
    .


    Cardno Limited (ASX:CDD) has acquired Sydney based survey company Hard and Forester for an undisclosed amount.



    The acquisition will be funded through a mix of cash and share allocations.



    The international infrastructure services group says it expects revenues to increase by about $9 million a year and will be earnings per share accretive in full year 2013.



    Cardno says the new alliance will further strengthen its presence in NSW.

     


    Cardno generated a net profit of $74.2 million in the 2012 financial year.

    CDD Price at posting: $7.90 Sentiment: None Disclosure: Held
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