Acquisition electrifies fuel and clean energy services company’s offering
Greenarc Ltd, a Halifax-headquartered, fuel and clean energy services business, has acquired Elektec, which is based in Darwen, Lancashire.
The purchase of electrical contractor Elektec represents Greenarc’s third venture in less than nine months with its investment in Oxfordshire-based Heat Engineer Software Ltd in April and the acquisition of the recently rebranded vehicle leasing and rental business Greenarc Vehicles completed in November.
Chris Bingham, chairman and CEO at Greenarc, said: “This recent acquisition is one of many investments from Greenarc in the past 12 months and we are thrilled to welcome Carl and Charlotte to the business to support our goal of transitioning our customers to a clean energy future.
“With Elektec’s focus on EV charging points, battery storage, LED lighting, electrical compliance and more recently solar we have further increased our low-carbon service offering.
“This acquisition represents another important pillar of our decarbonisation proposition to individuals, businesses, and the public sector across the UK.”
Charlotte Knowles, director at Elektec said: “This acquisition allows us to continue to offer our electrical services locally but also provides Elektec with the expertise and funding to grow our services to customers.
“Not only this, but we now have access to a range of other renewable energy solutions to support our customers to decarbonise their entire energy infrastructure.
“Greenarc’s honest and informative approach to clean energy fits in well with what we do at Elektec, we are thrilled to be joining the Greenarc team and I’m excited about the future work we will be achieving together.”
Greenarc provides commercial, residential, and public sector customers with a wide range of services in both the fuel and green energy sectors such as electric vehicle supply, heating technology, renewable diesel and most recently electrical services.
Elektec was established in 2017 and was recently named a National Success Story for The Prince’s Trust.
This acquisition was facilitated by Clarion Solicitors. Tax advice was provided by BHP Chartered Accountants and funding by Barclays Bank.
