Charity plugs into historic connection with MS3 to tackle digital poverty among disadvantaged families
Leeds office building acquired for ‘megachurch’ transformation
Rotherham engineering group continues global expansion with acquisition
Rotherham-based engineering and reliability group, AES Engineering Ltd, has further increased its reliability services and product offering in North America by acquiring a controlling stake in the reliability company, Condition Monitoring Services (CMS), for an undisclosed sum.
The group also owns AESSEAL, in Rotherham, the homogeneous designer and manufacturer of mechanical seals. This latest expansion in the global market follows acquisitions in the Netherlands, Canada, Australia and USA. CMS, headquartered in Las Vegas, Nevada focuses on the states of California, Nevada, Arizona, Utah & Colorado with a specialised skill set in the power generation & municipal sectors. The acquisition will allow the existing customers of CMS to benefit from a wider product and service offering from the AES Reliability Group of companies owned by AES Engineering Ltd. CMS President Kirk Cormany said: “The selection of AES Engineering Ltd as our partner was an easy decision due to their product technology, similar dedication to customer service and reliability focus. This partnership allows us to immediately meet the demand from customers for an expanded product range as well as opening new opportunities in other markets.” Chris Rea, Group Managing Director of AES Engineering Ltd, said: “The acquisition of CMS supports our strategic decision to globalise our reliability focused businesses and further strengthens our customer reliability offering in the important North American market.”Duo of companies secure Finance Yorkshire funding
Financial Conduct Authority to expand in Leeds, creating more jobs
Genuit Group makes acquisitions to bolster sustainable solutions strategy
Genuit Group, the Leeds-based provider of sustainable water, climate and ventilation solutions for the built environment, has acquired Sky Garden Limited, Omnie and Timoleon.
Sky Garden, acquired for a cash consideration of £2.5m, is a leader in green roof technologies providing design, supply, installation and maintenance services for green and bio-solar roofs, podium decks and green walls.
The business, based in Tewksbury, Gloucestershire, will join the Water Management Solutions (WMS) business unit and will extend the Group’s blue green roof offering. It will provide an additional route to market for Genuit’s Permavoid business, which it complements, and synergies are also expected with the Keytec installation business.
Omnie and Timoleon are leaders in underfloor heating (UFH) board technologies and providers of full UFH system design and supply services. The trade and assets of the group operating the Omnie and Timoleon businesses have been acquired for a cash consideration of £2.7m.
The businesses operate and manufacture in Exeter, Devon and Lomza, Poland. The brands will complement and enhance the Group’s UFH offering and will be part of the Climate Management Solutions (CMS) business unit.
Omnie serves direct customers and the merchant channel whilst Timoleon supplies OEM customers. Strong synergies are expected with the existing Nu-Heat business in CMS and with the Group’s Polypipe UFH offering for new housebuilding in the Group’s Sustainable Building Solutions (SBS) business unit.
Joe Vorih, Genuit Group Chief Executive Officer, said: “We are excited by these acquisitions, which present a compelling opportunity for Genuit and align with our Sustainable Solutions for Growth strategy. They complement our existing portfolio, expand our product offering and will enable us to drive further growth in attractive end markets.
“I am delighted to welcome our new colleagues from Sky Garden, Omnie and Timoleon, and look forward to working together as we continue to address the challenges posed by climate change and urbanisation.”