EDF Energy Services, the French power giant’s joint venture with energy services firm Dalkia, is to acquire engineering services company Imtech in a push for growth.
Imtech turned over £330m in 2016 and employs 2,100 people. The company specialises in mechanical and electrical engineering services, technical operation and management of facilities, and the integration of digital control solutions. It operates across the public and private sector in the UK and Ireland.
Announcing the deal, EDF said the combined group would offer “services that deliver improved energy efficiencies at every stage in the life of industrial and commercial facilities – from initial design and build, operation and maintenance through to control of energy”.
Imtech will continue to be autonomously managed, but will look to hire new staff in a bid to accelerate growth.
“The addition of Imtech is a significant step in the development of energy services and low carbon solutions for our valued customers,” said EDF Energy chief Vincent de Rivaz. “This agreement is a key element of our strategy for long-term growth and investment, and a further demonstration of our commitment and support for British businesses and industries.”
Sylvie Jehanno, CEO of Dalkia, added: “The acquisition of Imtech UK and Ireland by our joint venture is another major step towards meeting our international growth ambition.”
Paul Kavanagh CEO of Imtech UK and Ireland said the firm was “delighted to become part of the EDF family” and thanked customers for supporting the business, as well as private equity house Endless LLP, which had owned the firm.
“By combining forces with EDF Energy Services, we have secured greater capability to respond to the future needs of our customers, and will be able to design and deliver innovative solutions,” Kavanagh added.
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