The board of directors of Van Elle and the board of directors of STRABAG UK are pleased to announce that they have reached agreement on the terms and conditions of a recommended cash offer pursuant to which STRABAG UK will acquire the entire issued and to be issued ordinary share capital of Van Elle
The acquisition is currently intended to be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act, a standard legal process for UK public company acquisitions.
Completion of the transaction is expected by the end of June 2026, subject to the satisfaction or waiver of certain conditions, including approval by Van Elle’s shareholders.
Following completion, Van Elle’s AIM listing is expected to be cancelled, and the company will be re-registered as a private limited company.
Full details are available on the companies’ websites: