Emcor Group (UK) has announced it is to close it construction arm to focus on more fruitful facilities management services in a move it describes as a ‘key phase in its strategic evolution’.
Emcor UK identified that due to the construction market conditions in the UK and customers’ changing requirements, its focus was best placed in areas where it can more fully leverage its knowledge and strength to positively impact customers’ businesses.
Emcor’s facilities management business on the other hand, has been consistently successful. Over the past five years, the facilities division has delivered record revenues and profitability growth year-on-year.
Emcor has said it will complete its current construction projects but will not seek to secure new construction services projects.
In support of its strategy, Emcor recently moved to new headquarters offices in Surbiton, Surrey, where it demonstrates new technology, and space utilisation techniques, which customers can experience and benefit from. Furthermore, the firm has recently opened an office in Cork, Republic of Ireland to better service its customers’ evolving needs. Keith Chanter, Chief Executive Officer of Emcor Group (UK), explained:
“EMCOR UK’s strategy for the last five years has been to focus on long-term, collaborative, customer relationships and to ensure the alignment of our business with our customers’ needs, in order to maintain a profitable, sustainable business. Today sees a key milestone in this strategic process, with our withdrawal from the construction market.
“We will be offering support and guidance to our employees through this period and will seek to redeploy wherever possible.”