Electricity substation specialist acquired
Freedom, a company in the Ilkley-headquartered engineering and services business NG Bailey Group, has completed the acquisition of the HV (high voltage) Services division of Fundamentals Limited.
The HV Services division will join the Freedom Networks business unit.
The deal gives Freedom an opportunity 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. As part of the acquisition, 12 highly skilled employees will join the Freedom business.
Peter Jones, managing director (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.”
