4 April 2018 | Herpreet Kaur Grewal
Engineering, IT and facilities services business NG Bailey has completed the acquisition of facilities and power engineering services outfit Freedom Group.
The expanded business will have a turnover of more than £600 million a year and will enable NG Bailey to extend its range of services and develop a presence in new sectors, specifically the electricity distribution network (DNO) market.
This sector, said the company, is "set for significant expansion over the coming years, with new technologies supporting the rapid growth of low-carbon power generation in the UK and the development of increased battery storage capacity".
For more than 20 years Freedom has provided engineering capital replacement projects and hard FM maintenance services, particularly within utilities, through its four divisions - infrastructure services, networks, power, and professional services.
Freedom works primarily with DNOs and private network owners across substations, overhead lines, underground cables, buildings and associated infrastructure. Its key customers include Northern Powergrid, UK Power Networks, Scottish Power, Electricity North West, Yorkshire Water, and the Port of Felixstowe.
The acquisition also increases NG Bailey's capabilities in sectors such as defence and airports, as well as expanding its engineering and maintenance services across major infrastructure portfolios, such as data centre telecoms and ports.
As part of the NG Bailey Group, Freedom's existing management team will continue to run the £120 million turnover business under its existing brand. The addition of Freedom's 600-strong team will take NG Bailey's headcount to 3,600 employees.
David Hurcomb, NG Bailey's chief executive, said: "Bringing Freedom Group into the NG Bailey family provides a natural extension to the range of services we already offer, particularly engineering and maintenance services.
"Combining our offerings strengthens both our market positions, but it also creates significant new opportunities for both businesses. It will enable NG Bailey to compete more effectively in new markets, specifically the electricity distribution sector. It is an area where our combined skills and market-leading approach to principal contractor management, design and BIM will add considerable value."