Mon, 14 Nov 2016 | MERGER
Plymouth energy firm IU Energy has merged with Amer, the mechanical and electrical engineering specialists, to create a new integrated power firm for the UK.
The newly-merged company will continue to operate under the IU Energy brand and will provide energy consulting, procurement, installations and maintenance across the UK.
As a result of the deal Amer directors Liam Reed and Ben Thomas become directors of the new company, alongside chief executive officer Duncan Banks and managing director Chaz Lawrence.
The two businesses celebrated their merger at a special event at Plymouth University last week.
Amer’s experience in the agricultural, education, industrial and manufacturing sectors “fits very well” with IU Energy’s consulting and energy management capabilities, the firm said.
Duncan Banks, chief executive at IU Energy, said: "This deal will further differentiate us in a noisy energy market where organisations are seeking trusted partners whose performance improves profits. This merger puts us in a great place to accelerate our growth plans, which will certainly include further mergers and acquisitions."
Professor Judith Petts CBE, vice-chancellor of Plymouth University, added: "As a university that has been renowned for its green credentials for more than two decades, we share with IU Energy a commitment to corporate social responsibility. We are delighted that they are growing through this new merger.
"Having taken on a number of our alumni through our internship programmes in recent years, we hope that this will create new and exciting opportunities for our graduates."
Find business for sale.
One of the top job search portals - developed in-house - with over 1m UK-based vacancies available from employers operating in nearly all sectors across the UK. Also develops & operates a series of complementary platforms & mobile apps for use within...
Manufacture and supply of high quality, hard metal, flanges and butt welds with machining services. Enviable reputation. Niche offering. Long standing relationships with suppliers. In-house manufacturing capabilities. Diverse client base including m...
Public and private sector road surfacing and civil engineering contractor with a prestigious Royal Warrant for Road Maintenance. Provides roadworks, groundworks and civil engineering services. Diverse customer base including Royal Estates, local auth...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
|
17
|
|
Jan
|
Fine paper business enters administration | ADMINISTRATION
Arjowiggins UK, which operates a number of trading companies...
|
15
|
|
Jan
|
Hawk Plant enters administration | ADMINISTRATION
The Shropshire company, that has previously undertaken landm...
Sign up to receive our acquisition alert emails to get your FREE guide
|
24
|
|
Oct
|
British American Tobacco plans $47bn merger with US firm Reynolds | MERGER
British American Tobacco (BAT) plans to merge with its US pa...
|
09
|
|
Jul
|
Anglo American to sell stake in Lafarge Tarmac | BUSINESS SALE
The UK’s biggest cement maker, Lafarge Tarmac, is expe...
|
13
|
|
May
|
Lerner puts Aston Villa up for sale | BUSINESS SALE
American owner Randy Lerner has put Aston Villa Football Clu...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources