Apleona Acquired by Bain Capital
Private investment firm Bain Capital has acquired European FM service provider Apleona. Having been acquired by equity firm PAI Partners in 2020, Apleona now has a new...
Read Full ArticleFreedom, 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.
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
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