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."
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