RPS Group buys Corview to expand into Australasia

In a move to expand into the Australasian region, RPS Group (LON:RPS) has acquired Corview, the Australian-based transport advisory consultancy, for a maximum fee of AUD 32 million (GBP 17.8 million).

In addition, the global professional services provider revealed in a trading update that results for the full-year ended 31st December 2018 are in-line with market expectations. Profit before tax and amortisation was £50.2 million, down from £53.9 million a year earlier. The group’s strong conversion of profit into operating cash flow continued.

The results will be published on 21st February 2019, the company added.

The shares jumped by 12% to 156.24p as at GMT 15:58.