BMM have been Drax’s primary partner for EV charger installations since 2018. Together the companies have electrified the fleets of such organisations as FI Real Estate, SES Water and Travis Perkins.
The purchase completed yesterday, making BMM now a wholly owned subsidiary of Drax Group PLC. No price was disclosed by the parties.
Drax’s business core is burning biomass pellets at the eponymous power station near Selby, north Yorkshire, to make electricity. Critics have questioned the group’s repeated claims to carbon neutrality, in view of its shipping of wood pellets from sustainable forests in north America.
Before conversion to biomass, the formerly coal-fired station was Britain’s biggest emitter of carbon dioxide. Managers had intended it to cease all non-emergency coal combustion last year. One furnace was brought out of mothballs last winter, however, to provide reserve capacity as alternative fuel feedstocks rocketed in price.
Vertical integration through the BMM buy will, Drax believes, strengthen its end-to-end proposition to UK businesses, as well as demonstrating its commitment to help them achieve their Net Zero ambitions.
BMM was founded in 2013 by Terry and Mark Mohammed. To date, BMM has installed over 13 thousand EV charge points.
Drax Group’s director of energy services Adam Hall, said:
“Businesses who are serious about sustainability need to electrify their fleet and offer on-site charging for employees. The acquisition of BMM means we now offer a complete end-to-end solution – from vehicle suitability assessments through to charge point installation, operation and maintenance. We’re looking forward to welcoming the BMM team to Drax and working together to grow the combined business.”
BMM’s CEO Terry Mohammed, pictured right above with Drax’s Hall, responded:
“We’re excited about joining Drax, and this deal is the next great step in our growth journey. Integrating our installation and maintenance skills into the business will ensure that Drax’s clients can benefit for years to come.”
BMM’s management and staff will continue to operate from its existing UK sites, in Airdrie and Gatwick, West Sussex. Drax and BMM will investigate opening more locations in future.
