EDF Energy Services acquires Imtech
EDF Energy Services, a joint venture between EDF Energy and Dalkia, has agreed to acquire Imtech UK and Ireland from Endless LLP. Imtech is a leading engineering services company and provider of technical services to construction, industrial, commercial and public sector clients in the UK and Ireland. Completion of the deal is subject to merger control clearance from the European Commission.
Imtech employs more than 2,100 people, generating revenues of over £400m per year delivering mechanical and electrical engineering services, technical operation and management of facilities, and the integration of digital control solutions.
Backing and expertise from the EDF Group will enable Imtech UK and Ireland to continue to deliver high quality services for new and existing clients and support its growth across all its business, including in low carbon solutions, a key part of both Imtech and EDF Group strategies.
In addition, the combined expertise of EDF Energy, Dalkia and Imtech UK and Ireland will enable the company to apply the latest technologies and offer innovative 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.
Within EDF Energy Services Imtech will retain its operational autonomy and will continue to run the business with its experienced management team providing strong leadership as they have done successfully for many years. Imtech will be looking to recruit new talent into the business to accommodate this acceleration in their strategy.
Vincent de Rivaz, CEO EDF Energy said: “As the UK’s leading generator of low carbon electricity and a major supplier to businesses, the addition of Imtech is a significant step in the development of energy services and low carbon solutions for our valued customers. 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.
“We are delighted to welcome the 2,100 employees of Imtech. There is a close fit between the two businesses with our shared passion for safety, innovation, digital solutions and quality of service for customers.”
Sylvie Jehanno, CEO of Dalkia: ”Thanks to this acquisition, we are excited to welcome the skilled and experienced Imtech teams to EDF Energy Services. Their existing customer relationships will provide a solid platform from which we can continue to grow the business. I am convinced that our combined expertise will enable us to continue to support our customers and develop innovation and digital solutions for their benefit.”
“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 added: “We are delighted to become part of the EDF family. The support of EDF Energy Services strengthens our capacity to continue to grow and build on our relationships with new and existing customers in the years ahead. I would like to recognise the support our customers have given the business over many years and we look forward to continuing to partner with them.
“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.
“Endless has been a great owner of Imtech and I would like to thank them for all their support and input over the last two years.”
Aidan Robson, Partner at Endless commented: “We are tremendously proud to have partnered with Imtech over the last two years. The business has outperformed on every metric, which is an outstanding achievement and demonstrates the strength of the team and business we are now passing on. EDF will enable the business to continue to grow and offers a fantastic future for the company’s 2,100 employees.
“We wish Paul Kavanagh and the whole Imtech team along with their new owners EDF, all the best for the future and thank them for their outstanding efforts and commitment.”