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Imtech, a leading UK technical services engineering group jointly owned by EDF and Dalkia, has signed a binding agreement with British private equity investor Duke Street, relating to the sale of 100 per cent of its Irish subsidiary, Suir Engineering Ltd.
The transaction is part of the exercise to prioritise the Dalkia Group’s strategic investments, and to refocus Dalkia and Imtech on their core areas.
Suir Engineering specialises in mechanical and electrical works. It is mainly active in Ireland, Denmark and Sweden in the data centre, pharmaceutical and renewable power generation markets.
Duke Street has been investing for more than 25 years in mid-sized companies in Western Europe. Its investment strategy focuses on the consumer, healthcare, industrial and service sectors.
Sylvie Jéhanno, CEO of Dalkia, commented: “For five years, Suir Engineering has experienced steady growth while maintaining the highest standards in safety and quality. We are very grateful to the Suir Engineering teams for their strong engagement and professionalism and wish them a great future under the new ownership of Duke Street.”
Mick Kennedy, Managing Director of Suir Engineering, added: “With the support of our current owners Dalkia and EDF Energy, Suir has had steady growth both in Ireland and Internationally. We are confident that under the new ownership of Duke Street we will continue to grow and provide high quality service to all our clients.”
The completion of the transaction remains subject to obtaining applicable regulatory approvals.
According to Pitney Bowes Parcel Shipping Index, worldwide parcel volume is likely to double in the next five years, with the UK showing the highest increase in carrier revenue of all 13 countries in the Index.
Alongside a huge uptake in the volume of parcel volume and spend, post pandemic, the adoption of hybrid working patterns means that FMs need to find ways to enable staff to book / host collaborative meetings in available workspaces and to find desk, office and parking spaces by utilising automation and data capture to enable site governance.
Yet a recent survey by FMJ in partnership with Pitney Bowes found that 20 per cent of recipients are still using manual paper-based visitor systems, which doesn’t fit with their top priority – to maintain a safe and operational environment.
This overwhelming reliance on paper-based systems is causing many respondents bottlenecks, resulting in a lack of efficiently in logging and tracking packages and people coming into the organisation.
In this webinar, Gary Abbott Director of Business Development and Stuart Bushaway, Head of Dealers Operations and FM Relationships at Pitney Bowes will outline the main findings of the two surveys and what this could mean for FMs, followed by a discussion, chaired by FMJ Editor Sara Bean with a panel of thought leaders into the solutions available to meet these challenges.
Register for the webinar here.
