Emap Buys GroundSure

Publishing group Emap PLC is to buy environmental risk consultancy GroundSure for up to Gbp 44 million.

Groundsure will be sold by private equity fund Metropolitan Venture Partners LP and several other individuals. The company uses its environmental land-use database and in-house consultancy to advise customers on various aspects of the residential and commercial property markets.

Emap will base the new business in its B2B information business portfolio alongside Glenigan, a provider of intelligence for the construction industry.

Emap expects the deal to receive FSA clearance within the next six weeks.