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.
