SPIE acquires Leven Energy Services
Independent provider of electrical and mechanical engineering and HVAC services, energy and communication systems, SPIE, has acquired Leven Energy Services in a move which expands its share of the UK Distribution and Transmission market and signifies its entry into the Gas, Water and Substation sector. The acquisition sees SPIE become one of the largest woodpole distribution service providers in the UK by both volume and resource.
Established in 2008, Leven Energy Services, an independent utilities contractor supporting Distribution Network Operators (DNO’S), provides a range of engineering and utility services including mains replacement, underground cabling and overhead line management. Its client base includes National Grid, Northern Gas Networks, Electricity North West and Scottish & Southern Energy. Fifty-seven per cent of its business is generated from electricity works, with the remaining 43 per cent of business split between the gas and water sectors.
With sales of £36.6 million in 2014, the company’s 139 employees are distributed among its head office in Manchester and five satellite depots across the UK.
James Thoden van Velzen, CEO of SPIE UK, commented:
“This acquisition is the next step forward after the creation of SPIE ENS two years ago when we entered into the power line contracting market. Since then we have been involved in some very exciting projects – including the recently reported network renovation with Northern Ireland Electricity. We are looking forward to developing our reach further and becoming one of the biggest players in the utility sector.”
SPIE’s managing director for industrial services, Steven Nanda added:
“SPIE and Leven have very similar work ethics and culture, we both place a primary focus on building long-term relationships with our stakeholders and are committed to delivering a superior service delivered to the highest standards of Health and Safety. Introducing Leven into the SPIE portfolio makes perfect sense and strategically, we are two companies with the same goals in mind.”
Following SPIE’s acquisition of ENS in 2013, the alignment with Leven enables the company to develop its coverage of the Distribution and Transmission market in the South of the UK creating strong and sustainable revenue streams, via UK regulated spend.
The combined entity of SPIE ENS and Leven will be trading as SPIE Distribution & Transmission.
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Source: FMJ
