The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

NG Bailey's Freedom Acquires Fundamentals Limited

NG Bailey's Freedom Acquires Fundamentals Limited
05 January 2021
 

Freedom, an NG Bailey Group company, is extending its engineering and services capabilities with the acquisition of the HV Services division of Fundamentals Limited

The HV Services division will join the Freedom Networks business unit.

NG Bailey is the UK’s largest independent engineering, facilities & infrastructure services and IT services business.

 

Extending Services to Include HV Maintenance and Renewable Energy

 

The acquisition provides an excellent opportunity for Freedom to extend its range of services in the electricity distribution network sector, including HV maintenance and renewable energy sectors. It also allows Fundamentals to re-focus its service activities on its core business of grid voltage control and a developing technology portfolio.

The acquired HV Services team brings expertise in the electricity generation, transmission and distribution sectors. The team has over 40 years’ experience working on mission-critical assets across the entire voltage range. Their customers include distribution network operators (DNOs) and private network clients throughout the UK.

As part of the acquisition, 12 highly skilled employees will join the Freedom business.

Peter Jones, Managing Director at NG Bailey Services, said: “Bringing the Fundamentals Limited HV Services division into the Group provides a natural extension to the range of services we already offer – particularly in-network services and HV maintenance”.

Jon Hiscock, Managing Director of Fundamentals Ltd, added: “This transaction is part of our strategy to become an international technology business and secures a good future for the HV Services team whose extensive skill, knowledge and experience will complement that of Freedom”. 

Picture: a close-up photograph of a person wearing a branded Freedom jacket 

Article written by Ella Tansley | Published 05 January 2021

Share



Related Articles

Merger of Atalian Servest and OCS Rumoured

A plan for private equity firm Clayton Dubilier & Rice to purchase and merge Atalian Servest and OCS has been reported. According to Sky News, Clayton Dubilier...

 Read Full Article
Mitie Acquires P2ML

Mitie has expanded its telecoms offering with the acquisition of P2ML. P2ML is a specialist telecoms tower design house, which will further expand Mitie’s...

 Read Full Article
Atlas FM Acquires Salisbury Group

With the addition of Salisbury, Atlas FM will be a £160 million turnover company that employs 8,500 people at over 6,000 sites around the country. The rationale...

 Read Full Article
BAM’s PPP Business Rebrands After 50% Sale

BAM Group’s public-private partnership projects business is changing its name to Invesis, following a change in the company’s ownership structure. Pension...

 Read Full Article
Blackstone in 'Largest Ever' Private Real Estate Transaction

Blackstone has recapitalised its logistics business in a €21 billion deal. Investors of Mileway, the European logistics arm of Blackstone, will be offered the...

 Read Full Article
Q3 Acquires Newtons Group

FM company Q3 has announced its acquisition of commercial property management contractor Newtons Group. The acquisition includes 100 per cent of the share capital of...

 Read Full Article
Midas Group Appoints Administrators

Midas Group, one of England's largest privately-owned construction and property service companies, is to cease trading. The company filed an administration notice...

 Read Full Article
New Group Commercial Director for NG Bailey

NG Bailey has appointed Martin Pitt as its new Group Commercial Director, starting 4 January 2022. Martin has enjoyed a successful career in the construction industry,...

 Read Full Article
2021 Deals in Commercial Real Estate

Despite the obvious challenges and interruptions, 2021 was a busy year for deals, acquisitions and mergers in the commercial property sector.   Office...

 Read Full Article
Landsec Purchases 75% Stake in MediaCity

Landsec has acquired a majority stake in MediaCity, the 37-acre media, digital and tech hub in Salford, Greater Manchester, for £425.6 million. Indicating...

 Read Full Article