# Granite Construction to acquire Layne Christensen in $565M stock merger

Granite Construction and Layne Christensen announced a definitive agreement for Granite to acquire Layne in a stock-for-stock transaction valued at $565 million, including net debt. The deal enhances Granite's water infrastructure market presence.

- Type: Acquisition
- Announced: 2018-02-14
- Value: $565.0M
- Status: announced
- Products: water management services, well drilling, CIPP rehabilitation
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Granite Construction](https://endata.com/companies/16163.md) (acquirer)
- [Layne Christensen](https://endata.com/companies/30088.md) (target)

## Sources

- [trenchlesstechnology.com](https://trenchlesstechnology.com/granite-construction-acquire-layne-christensen/), 2018-02-15: "This strategic transaction brings together two complementary organizations to create a platform for growth, delivering significant benefits for shareholders, employees, and customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.