United Kingdom Procurement News Notice - 65218

Procurement News Notice

PNN 65218
Work Detail Gunning Transmission and Distribution Services provides high voltage installation and commissioning services Ethical Power Group has exchanged contracts to acquire specialist high voltage installation and commissioning provider Gunning Transmission and Distribution Services Limited (GTDS). Following the acquisition, Gordon Gunning will be stepping down from his role of managing director of GTDS. GTDS was established in July 2004 to provide full turnkey installation and commissioning services at all voltage levels between 0.4kV, 6.6kV and 400kV. Ethical Power specialises in solar PV projects and battery energy storage systems. In 2023, it acquired full shares and integrated its subsidiary ICP (independent connections provider) into the Group. The acquisition of GTDS follows several years of close collaboration between the companies and will enable further expansion of services and strengthens Ethical Power’s position as a comprehensive solutions provider in the energy market. Tom Kneen, chief executive of Ethical Power, said: “This is a monumental step for both parties. "We welcome the GTDS team into the Ethical Power Group and look forward to our continued collaboration, delivering highest quality solutions to the UK energy infrastructure." While reporting to Ethical Power Group Board, GTDS will continue to trade under its current name and operate independently as a business, in line with the regulatory requirements for extreme high voltage providers. Mark Winkles has been appointed as the new managing director for the business. He said: "We are delighted to become the latest member of the Ethical Power Group and are excited by the opportunities that our combined skills will certainly unlock. "I am in no doubt that the future for GTDS and the wider Ethical Power Group is very bright indeed." The transaction is anticipated to complete in the upcoming days.
Country United Kingdom , Northern Europe
Industry Energy & Power
Entry Date 23 Apr 2024
Source https://renews.biz/92677/ethical-power-acquires-transmission-firm/

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