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August 25, 1988

CAP GROUP LANDS UK NATIONAL ENGINEERING LABORATORY

By CBR Staff Writer

The respected National Engineering Laboratory in East Kilbride looks set to be sold by the government to the Yard subsidiary of CAP Group Plc – which hopes to change its handle to Sema Group in September. The intention of the Department of Trade & Industry is that Glasgow-based Yard should negotiate a joint takeover with the laboratory’s employees, who wanted to do an autonomous buyout. Yard is already talking to the 625 staff, and envisages their ending up with a 25% stake in the joint venture. Yard specialises in naval and marine consultancy, and already works with the laboratory, which operates on an annual grant from the government of UKP21m.

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