Lagan and Mivan merger talks fail to reach deal

Aaron Morby 8 years ago
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Merger talks between two of Northern Ireland’s biggest construction companies have ended without a deal.

Lagan boss Kevin Lagan and Mivan’s founder Ivan McCabrey were reported to be in talks about the benefits late last year.

But the two have failed to reach agreement and a deal is no longer on the cards, a source told the Enquirer.

Both firms have earned reputations for developing strong international business in their own fields of expertise over the years.

Belfast-based Lagan Group has interests in quarrying, cement, building materials, house building and civil engineering.

Mivan made its name in the international contracting arena on high-end projects, often in the Middle East, but has struggled in recent years after some overseas property investments backfired.

More recently Mivan has been concentrating on fit-out jobs in the UK and Lagan has also expanded its presence in England.

A merger looked on the cards because Mivan would bring a new specialism to the Lagan Group and would benefit from its greater financial firepower.

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