RPS (RPS) announced its acquisition of Norwegian project management and training consultancy Metier on the same day it revealed oil and gas volatility continued to drag on the performance of its energy business during the first quarter. The FTSE 250 energy consultancy paid £22.3m for Metier, and the combined group will have three-quarters of its activities in built and natural environments.
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Management also stated that while the national oil companies that it services have been less affected by the oil and gas rout than their quoted peers, its energy business has experienced a slower than expected start to the year. Shares in the group fell 11 per cent on the day of its first-quarter update.
