50 jobs to be created through multi-million pound acquisition
Orbital Gas Systems has been purchased by Ellesmere Port-based nZero Group in a multi-million pound deal.
Located in Stone, Staffordshire, Orbital Gas Systems has been sold by its US parent company, Orbital Energy Group.
More than 50 jobs are expected to be created as nZero aims to become the UK’s leading partner across the natural gas, petrochemical, biomethane and decarbonisation sectors.
The deal will see the group employ more than 150 people with a combined turnover of £16m.
Both companies existing names will remain and will be led by managing director Matt Allen.
Allen said: “This deal represents a significant step forward in our strategy to become a key contributor in the UK net zero energy transition by bringing under common ownership two of the UK’s leading measurement and control partners across the natural gas, low carbon hydrogen, petrochemical, and waste to energy sectors.
“The UK and many other countries are making significant commitments to tackle the climate crisis. This is creating a growing demand for companies, like Orbital and Thyson, to provide a blend of existing technologies and innovative solutions to decarbonise, while supporting customers’ commercial and technological challenges to meet the targets they have set themselves or have been set by government.”
Neil Stuchbury, director of sales and marketing at nZero Group said: “There is critical energy infrastructure which must be maintained and enhanced over the next decade to ensure security of supply, through gas network asset investment and upstream/midstream processing facilities, whilst driving innovation for UK decarbonisation.
“We believe the most successful businesses within these sectors will have a balance of industrial expertise and offer world-class manufacturing facilities supported by exceptional talent with the right mindset to deliver quality and innovation.
“nZero Group has these qualities and will take the lead to succeed, attract new people, and seek strategic partnerships to deliver decarbonisation solutions.
“With our already world-leading hydrogen blending expertise, we are now positioned to build on the capabilities that the UK and the world will require to ensure safe and rapid progress is made to achieve net zero.”