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Kier Group PLC (KIE) is a UK-based civil engineering company that offers property development, facilities management, building maintenance and construction services. The business provides its services to a range of industries such as defence, housing, education, power, healthcare and heritage.
Some of the most significant projects involving the company include the Highpoint I apartment blocks completed in 1935, the North Terminal at Gatwick Airport (1988), the Lesotho Highlands Water Project (1998), Hairmyres Hospital (2001), High Speed 1 (2007) and the UK Supreme Court in London (2009).
Kier shares are traded on the London Stock Exchange under the ticker symbol KIE.
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Tracing its roots back to 1928, the company was founded under the name Lotz & Kier by Danish engineers Jorgen Lotz and Olaf Kier. The firm initially specialised in concrete engineering but later expanded into house-building and general contracting.
Throughout its history, Kier has made a number of acquisitions in order to diversify its business portfolio and extend its market presence. Some of the most recent purchases included Kent Lep 1 in 2009, Pure Recycling Warwick Limited and Beco Energy Solutions in 2010, May Gurney in 2013, MRBL Ltd in 2015 and McNicholas in 2017.
The company now works through four business divisions: Kier Construction, Kier Services, Kier Residential and Kier Property, and has operations in the UK, Australia, Hong Kong and the Middle East.
In September 2018 the business was ranked, by turnover, as the second biggest UK construction contractor, close on the heels of Balfour Beatty (BALF).
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In 1963, Kier launched as a publicly traded company on the London Stock Exchange (LSE). However, as the business was later purchased by Beazer, it was delisted from the exchange in 1986. In 1992, after a period under the ownership of Hanson PLC, the company was bought out by its management. It then expanded its housing interests and was relisted on the LSE in 1996.
For a long time, its stock was a constituent of the FTSE 250 Index. However, in late 2018, it was relegated after the Kier share price plunged following a failed rights issue.
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