Origin Enterprises Plc — M&A Activity 2023

Mar 31, 2023

National Storage Mechanism | Additional information

RNS Number : 8559U

Origin Enterprises Plc

31 March 2023

Origin Enterprises acquires Neo Environmental

Market-leading planning, environmental and technical consultancy business in the UK & Ireland

Dublin, London, 31 March 2023: Origin Enterprises plc ('Origin' or 'the Group'), the international Agronomy-Services group, providing specialist advice, inputs and digital solutions to promote sustainable land use, is 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.

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."

ENDS

Enquiries

Origin Enterprises plc
TJ Kelly
Chief Financial Officer	Tel:	+353 (0)1 563 4900
Brendan Corcoran
Head of Investor Relations and Group Planning	Tel:	+353 (0)1 563 4900
Goodbody (Euronext Growth (Dublin) Adviser)
Joe Gill	Tel:	+353 (0)1 641 9278
Davy (Nominated Adviser)
Anthony Farrell	Tel:	+353 (0)1 614 9993
Numis Securities (Stockbroker)
Stuart Skinner	Tel:	+44 (0)20 7260 1314
FTI Consulting (Financial Communications Advisers)
Jonathan Neilan / Patrick Berkery / Jack White	Tel:	+353 (0)86 602 5988

About Neo Environmental Limited
Neo Environmental Limited ('Neo') is a market-leading planning and environmental consultancy business providing advice for all development types across the UK and Ireland. Having advised on over 800 projects to date, Neo has a strong industry track record and has won multiple awards for work completed on over 4GW of renewable energy projects since the company's foundation in 2012. The Neo team consists of experienced and accredited planners, engineers and multi-disciplinary environmental consultants, ensuring it provides a full suite of in-house collaborative services for projects. Neo successfully delivers projects, whether small or complex, through a comprehensive understanding of planning requirements, particularly in the renewable energy industry. For more information, please visit: https://www.neo-environmental.co.uk/

About Origin Enterprises plc

Origin Enterprises plc is an international Agronomy-Services group, providing specialist advice, inputs and digital solutions to promote sustainable land use. The Group has leading market positions in Ireland, the United Kingdom, Brazil, Poland, Romania and Ukraine. Origin's ordinary shares are listed on the Euronext Growth (Dublin) market of Euronext Dublin and the AIM market of the London Stock Exchange.

Euronext Growth (Dublin) ticker symbol:   OIZ

AIM ticker symbol:                                     OGN

Website:                                                     www.originenterprises.com

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