Bovis Homes Group PLC has acquired Elite Homes Group Limited from its existing directors and related trusts for a cash consideration of £25.7 million, plus assumption of £46.2 million of net debt.

Elite Homes Group Limited is a homebuilder based in the north of England, with operations across the North West and Yorkshire. For the year ended 31st October 2006 its turnover was £58.4 million, its profit before tax was £6.4 million and its gross assets were £55.0 million.

This entry was posted on Thursday, November 1st, 2007 at 3:33 am and is filed under Real Estate. Tags: Bovis Homes Group PLC Yorkshire . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.