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Mitie Acquires ESM Power 

Mitie Acquires ESM Power 
17 July 2024
 

Mitie has agreed to acquire the Lincolnshire-based high-voltage electrical engineering business ESM Power in a deal worth £8.5 million.

ESM Power will join Mitie’s Projects business, to enhance the company’s position in the high voltage power connections market, adding design capabilities, private network solutions and maintenance services to its customer offering. 

ESM Power has 20 years of experience in the design, delivery and maintenance of high-voltage power connections across a broad range of sectors, including local authorities, commercial developments and power generation sites. Blue-chip customers include Canary Wharf Group, Cemex, Centrica, PepsiCo and RWE. 

The deal is expected to complete on 31 July 2024, and 60 staff members will move over to Mitie. 

Roger Bamford, Managing Director of ESM Power, said: “I am proud of the ESM Power team and the business we have built over the past 20 years. We are excited to be joining the Mitie team, sharing our expertise and benefiting from the opportunity to work with Mitie’s experienced colleagues and extensive customer base to grow our business.”

Mark Caskey, Managing Director at Mitie Projects, added: “We are delighted that the ESM Power team will be joining Mitie. This acquisition strengthens our position as a leading provider of power connections in the UK, offering our customers a comprehensive range of design, delivery and maintenance capabilities to support their decarbonisation and asset resilience objectives. It is a continuation of the Group’s strategy to invest in high growth, high margin companies that enhance our full asset lifecycle Projects business. We look forward to working with our new colleagues.”

Picture: a photograph of an electrical substation. Image Credit: Mitie

Article written by Ella Tansley | Published 17 July 2024

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