Property giants Taylor Woodrow plc and George Wimpey Plc have announced an intended merger of the two companies to create Taylor Wimpey plc.
Taylor Wimpey will be the UK's largest housebuilding group with combined annual revenues of over £6.7 billion, total UK house completions of approximately 22,000 per annum, total North American house completions of approximately 9,000 per annum and a combined market capitalisation of approximately £5 billion.
The merger will create a business with a strong strategic position in both the UK and the chosen markets in North America. The combined group has a landbank of over 92,000 plots in the UK and will be strengthened in the US through the combination of operations across some of the most attractive US markets.
