{"id":528301,"date":"2025-09-08T10:36:52","date_gmt":"2025-09-08T09:36:52","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=528301"},"modified":"2025-09-10T16:03:23","modified_gmt":"2025-09-10T15:03:23","slug":"statom-snaps-up-40m-turnover-piling-specialist","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/civils\/statom-snaps-up-40m-turnover-piling-specialist-08-09-2025\/","title":{"rendered":"Statom snaps up \u00a340m-turnover piling specialist"},"content":{"rendered":"

Statom has acquired a specialist geotechnical and piling firm with a turnover of more than \u00a340m.\u00a0<\/span><\/p>\n

London Bridge-based Statom, which turned over \u00a3180m in the year to 30 November 2024, has bought Franki Foundations UK for an undisclosed sum.\u00a0<\/span><\/p>\n

Franki Foundations UK was previously owned by BESIX Group, a Belgian construction giant that turned over \u20ac3.5bn (\u00a33.04bn) in 2024.<\/p>\n

The contractor, which is based in Fareham, Hampshire, previously had sister companies including Franki Foundations Belgium and Franki Grondtechnieken.<\/p>\n

The UK arm of Franki has been in operation for over 20 years, supplying services including rotary bored piling, CFA piling, driven piling, retaining walls, mini piling and complete foundation packages. \u00a0<\/span><\/p>\n

Statom said Franki Foundations UK \u201chas a turnover of more than \u00a340m\u201d, although the company turned over \u00a323.5m in its last reported financial accounts, which cover the year ended 31 December 2023. The firm made a pre-tax profit of \u00a31.2m during the year.\u00a0<\/span><\/p>\n

It has worked on projects such as the Botley Road Bridge in Oxford, the redevelopment on 1 Victoria Street in central London and the 287-home Kew Riverside in south west London.\u00a0<\/span><\/p>\n

Statom said the acquisition will strengthen its geotechnical and deep foundation expertise, helping it deliver large and technically demanding projects across the UK.\u00a0<\/span><\/p>\n

Stan Nikudinski, Statom co-founder, said: \u201cFranki is a brand we\u2019ve wanted to bring into Statom for a while. Its reputation and expertise make it a perfect fit for our growth strategy.\u201d<\/p>\n

Franki Foundations UK managing director Craig Macklin said: \u201cJoining Statom marks a very exciting new chapter for us, opening opportunities to deliver even more ambitious projects.\u201d<\/p>\n

Statom now looks set to enter the CN100<\/a> list of the the UK\u2019s largest contractors, having failed to make the cut last year after turning over \u00a3143m \u2014 \u00a317m less than 100th-placed Seddon \u2014 in its 2023 results.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Statom has acquired a specialist geotechnical and piling firm with a turnover of more than \u00a340m.\u00a0 London Bridge-based Statom, which turned over \u00a3180m in the year to 30 November 2024, has bought Franki Foundations UK for an undisclosed sum.\u00a0 Franki Foundations UK was previously owned by BESIX Group, a Belgian construction giant that turned over …<\/p>\n","protected":false},"author":90383,"featured_media":528317,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[549,553],"tags":[],"class_list":["post-528301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-civils","category-ma"],"yoast_head":"\nStatom snaps up \u00a340m-turnover piling specialist | Construction News<\/title>\n<meta name=\"description\" content=\"Statom has acquired a specialist geotechnical and piling firm with a turnover of more than 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