02.06.2011

Harsco sells Rovacabin and Eventlink

Harsco Infrastructure has sold its accommodation and event services businesses in the UK known as Rovacabin and Eventlink to UK-based Wernick group. The terms of the all-cash transaction have not been disclosed.

The move is intended to allow Harsco Infrastructure to focus on its core construction and industrial business. According to the company “it marks the last significant step in completing the Infrastructure group’s strategic restructuring, announced in the fourth quarter of last year, to permanently reduce the cost base of the business and set the stage for future earnings growth.”

Ivor Harrington chief executive of Harsco Infrastructure said: “Our in-depth strategic review highlighted that our accommodation and event operations would have a better long-term future as part of a specialist business dedicated to these sectors. With this last step of our restructuring, our focus is squarely on improving the performance of our core construction, civil works and industrial maintenance sectors, where we are already starting to make good progress and seeing continuing signs of market stability.”