Stockport-headquartered OCU Group recently acquired specialist overhead lines contractor Nettworx for an undisclosed sum.
Nettworx, comprising Nettworx Limited and Power Grid Plant Limited, has operational depots in Northern Ireland, northeast Scotland and southern England.
The company provides a range of services to aid overhead line operators plan, build, commission and maintain Low Voltage, High Voltage and Extra High Voltage transmission and distribution systems.
The deal will expand OCU’s energy transition capabilities in these areas and regions.
It follows the utilities and energy engineering services contractor posting record revenues of £455 million in the 12 months to 30 April 2023.
The 54 per cent year-on-year increase reflects OCU’s organic growth across its main businesses, as well as new hires and several other acquisitions made during the year.
In August 2022, OCU was acquired by Triton Partners, a leading investment firm.
Click here to read more about the activities of OCU Group
“This acquisition is a key initiative in OCU’s strategy to be a leader in the UK regulated power and energy transition markets,” said OCU Group CEO, Michael Hughes.
“Nettworx’s expertise in power lines complements our existing services, enabling us to offer a more comprehensive suite of solutions to our clients.
“Our combined capabilities will step up the innovation and service delivery we offer in the UK’s energy transition activity.”
Vince Bowler, chief operating officer at OCU Energy, added: “The energy market has a growing appetite for talent and the demand for skilled and experienced professionals in this sector has never been higher.
“OCU Group is focused on the development of this key resource and has heavily invested in a number of strategic and key initiatives to attract and develop a diverse pipeline of talent.
“Incorporating Nettworx elevates our capability, opening advanced training paths for our early-career talent, fast-tracking their evolution into leading energy transition engineers.”
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