M Group Services Continues to Expand its Energy offering with the Acquisition of Babcock International Group PLC’s £75m Overhead Line Power business.
M Group Services, a leading provider of services to essential infrastructure markets in the UK and Ireland, has today completed the acquisition of Babcock International Group PLC’s Overhead Line Power business.
Babcock’s Overhead Line Power business is a leading operator in the niche, technically-challenging, overhead line electric transmission and distribution industry that lies at the heart of the UK’s transition to Net-Zero. It is trusted to deliver high quality outputs while maintaining the highest safety standards to clients including National Grid, Scottish Power Energy Networks and Western Power Distribution.
Following the acquisition, the business will be rebranded to form part of Morrison Energy Services, sitting alongside and enhancing existing electricity, gas and green energy capabilities, within M Group Services’ Energy division. As the latest addition to the growing number of businesses forming the Group, the overall service offering continues to expand and now includes a number of technically advanced businesses.
Jim Arnold, Chief Executive M Group Services, commented:
“It is important for us to deliver sustainable growth both organically and through acquisitions and we are pleased to strategically enhance our capabilities with this acquisition which provides the means to accelerate our growth by delivering a greater breadth of electricity transmission services to our clients. The culture, capabilities and reputation that have become synonymous with this business make it a perfect fit for us. We are delighted to welcome David Maddocks and his team to M Group Services.”
David Maddocks, Director of Babcock Power, added:
“I am extremely excited to be joining M Group Services. Our overhead line capability compliments the existing range of services and provides a solid platform to grow in a market that has great opportunity for expansion.”
This acquisition takes the total number of strategic acquisitions made by M Group Services to 15 since December 2016.