Carillion completes on £300m Eaga acquisition

WOLVERHAMPTON engineering and support services giant Carillion has completed the £300m deal to acquire green energy specialist Eaga.

In a statement today, Carillion chief executive John McDonough said: “The acquisition of Eaga is an important strategic step in Carillion’s development.  The combination of Carillion and Eaga brings together two highly complementary businesses and creates a scalable platform to build the UK’s largest independent energy services provider.
 
“As one of the UK’s leading support services companies, delivering services to manage, maintain and operate large, complex property estates and infrastructure networks, we expect the low carbon market to provide major new opportunities for our support services business.
 
“The addition of Eaga’s sector-leading expertise in energy efficiency solutions will therefore significantly enhance our prospects for growth, through extending the scope of our integrated support services offering for existing and new customers.”    
 
Carillion will also provide the scale and resources necessary to take advantage of the many growth opportunities Eaga is already pursuing in the low carbon market, he added.
 
“We therefore continue to expect the acquisition to be immediately earnings enhancing, adding to Carillion’s previously announced objectives for growth in both the short and medium term.”