Severfield eyes rail market with £27m deal for Yorkshire rival

By Jordan Marshall2021-02-26T10:13:00

Dam Structures has worked on several big London station jobs

The country’s biggest steelwork contractor has bought Yorkshire rival Dam Structures to beef up its railway business in a deal worth up to £27m.

Severfield, which is based in North Yorkshire, has paid an initial £12m for the Bridlington-based firm which in its last set of results posted a £22.3m turnover and a pre-tax profit of £1.9m for the year to October 2019.

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