Powerteam, a high voltage (HV) electrical design and build company, which specialises in the construction and refurbishment of electrical substations and overhead lines, has joined the global VINCI Energies Group of Companies following its recent acquisition by VINCI Energies UK plc.
VINCI Energies, which generates a turnover of over €9 billion per annum, is a leading player in global electrical energy and infrastructure technology services and employs over 60,000 people operating from over 1500 business units in 45 countries.
Alastair Dawson, Powerteam’s Managing Director, said: “This is excellent news for Powerteam and a very positive move for the future outlook of the company. Powerteam”s management team and staff have worked hard over the last 5 years, growing turnover to in excess of £55m, and we are delighted to be joining a global company of such stature.
“With the backing of VINCI Energies it means that we can further develop our relationships with current clients like SSE, Northern Powergrid, Electricity North West, ESB and various wind farm developers and work towards future expansion plans under the Powerteam and VINCI Energies brands.”
The acquisition of Powerteam is being seen as an opportunity for VINCI Energies to reinforce its high voltage activities in the UK and Ireland.
Alastair continued: “As a company we are now a part of, and have access to, VINCI Energies substantial pan-European resources and wealth of experience which we will use to further build on our successes over the last number of years.”
Rochdi Ziyat, Managing Director, VINCI Energies United Kingdom, said: “Our expertise in the energy infrastructure sector and current business offering, which includes providing turnkey power generation, transmission, distribution and sub-station solutions, makes Powerteam an ideal fit for the group. We are convinced that this is a significant development in the ongoing evolution of Powerteam and we look forward to a successful relationship with the company.”
Powerteam has offices in Perth (Scotland), Basingstoke, Manchester and Belfast and directly employs in excess of 200 staff and 150 sub-contracted workers to service its growing portfolio of clients across the UK and Ireland.