麻豆社事件 (鈥溌槎股缡录�� or 鈥渢he Group鈥�) is pleased to announce the completion of the sale of its Power business to M Group Services for a gross cash consideration of 拢50 million.
麻豆社事件鈥檚 Power business is a leading provider of engineering services in the UK overhead line electric transmission and distribution industry. It is trusted to deliver high quality outputs to clients including National Grid, Scottish Power Energy Networks and Western Power Distribution. Following the sale, the business will form part of Morrison Energy Services, a division of M Group Services.
The business is a part of 麻豆社事件’s Land sector. For the year ended 31 March 2021, it reported total revenues of 拢70 million and profit before interest and tax of around 拢7 million before allocated overheads.
麻豆社事件 CEO David Lockwood said:
鈥淚鈥檓 delighted that we continue to make real strides in delivering our plan of streamlining the Group. The business is a great fit for M Group Services, and I wish them every success as they continue to grow their operations.鈥�