News Release from Energy Assets Group Plc
For immediate release
10 December 2015
Energy Assets Acquires Blyth Utilities and Plans New Multi-Utility Infrastructure Brand
Energy Assets Group, the largest independent provider of industrial and commercial (I&C) gas metering services in the UK and a major provider of utility infrastructure services and electricity metering and data services, has today (December 10, 2015) announced that it has acquired Blyth Utilities (Blyth) as part of a strategic move to deliver multi-utility infrastructure projects across the UK.
This acquisition will enable Energy Assets to provide a complete multi-utility infrastructure offering across gas, electricity and water, in accordance with the Group's strategy, whilst also creating growth opportunities to businesses within the UK house building sector. The Group will also examine the opportunity arising from this acquisition to grow a pipeline asset portfolio, utilising its existing Independent Gas Transporter (IGT) licence.
Blyth is a multi-utility infrastructure provider involved in the design and construction of utility networks and infrastructure direct to commercial and residential developers throughout Scotland and the North of England and, along with Energy Assets, is accredited under the Gas Industry Registration Scheme (GIRS). Blyth is also fully accredited under the National Electric Registration Scheme (NERS) and Water Industry Registration Scheme (WIRS).
Russell Gibson, Chief Operating Officer of Energy Assets, commented:
"Blyth and our existing Siteworks operation will form a new brand - Energy Assets Utilities - to be launched early next year. This enhanced operation will not only extend our existing I&C infrastructure offer from gas to electricity and water, it will also open up new opportunities in the house building sector for the Group just at the time when the government is committed to significant additional investment in new homes across the UK by 2020."
Blyth enjoys a strong reputation inthe design and construction of utility networks and associated site infrastructure for developers throughout Scotland and the North of England.
Since incorporation in 2003, and now with a team of 80 highly qualified and professional employees, Blyth has developed a proven track record as a multi-utility infrastructure provider in the commercial and residential construction sectors based on quality, expertise and delivery. Once integrated into the Group, it is the intention that the Blyth business model will be expanded across the UK using the existing Energy Assets footprint.
Russell Gibson added:
"Energy Assets recognises the importance of high quality, responsive and competitive provision of utility infrastructure and, as such, we are excited to be able to offer Blyth the support of the wider Group to realise the potential for growth within both businesses as a result of this acquisition.
"I am delighted to welcome Blyth into the Energy Assets Group in an acquisition that represents another step in our continuing growth strategy."
Colin Lynch, Joint Managing Director of Blyth, said:
"Blyth has been delivering high quality infrastructure solutions to our customers for many years and has gained a strong reputation within the industry.
"We are delighted to now have the opportunity to grow the business further by being part of a wider Group and are confident that the support that Energy Assets can offer will allow us to achieve our long term growth strategy.
"We believe that this opportunity offers an exciting future for both Blyth and Energy Assets."
Link to video: https://youtu.be/Y9CVh-K4XgQ
Ends
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Philip Colley, Harvest PR
Tel: 023 9244 9655 / 07785 306378/ @harvestprman
For further information visitwww.energyassets.co.uk
Notes to Editors:
Energy Assets
Energy Assets provides metering and related services in the I&C segment of the UK utility market and is the largest independent provider of I&C gas metering services in the UK, by number of assets owned and managed.
The Group offers utility suppliers and end-user consumers of energy a broad spectrum of expert metering services from the provision and management of new and replacement meters through its Meter Asset Management division to the procurement and project management of related utility infrastructure works, including fully managed gas installations and live connections, gas pipework modifications and in-depth gas maintenance projects, through its Siteworks division. The Group also collects and provides energy consumption data through its Data Services division.
Energy Assets (EAS) is listed on the Main Market of the London Stock Exchange.
Blyth
Blyth isa Multi-Utility Infrastructure Provider involved in the design and construction of utility networks and infrastructure direct to commercial and residential developers throughout Scotland and the North of England. Blyth provides a multi-utility solution of gas, water and electricity and is fully accredited under the Lloyds Register Gas Industry Registration Scheme (GIRS), Lloyds National Electric Registration Scheme (NERS) and Lloyds Water Industry Registration Scheme (WIRS).