• Swindon & Wiltshire M&A, deals
• Monday October 7 2024
• Author Name: Peter Davison

Good Energy buys solar installer Amelio Enterprises in £6 million deal

Renewable energy supplier Good Energy has acquired solar installer Amelio Enterprises in a £6 million deal.

Announcing the deal on Friday, Chippenham-headquartered Good Energy said the move “represents a further step in delivering on Good Energy’s strategy to expand its capability in decentralised energy services by significantly expanding its geographical presence in the solar installation market.”

Based in Lincolnshire, Amelio Solar was established in 2010 and is focused on delivering rooftop solutions for businesses, education and public sector entities.

Last year, it generated revenues of GBP 7.1 million and a pre-tax profit of GBP 1.4 million.

Nigel Pocklington, CEO of Good Energy, said: “Amelio Solar is a perfect fit for Good Energy as we continue to grow our clean energy service offerings, especially in the commercial and public sectors where demand for solar installations remains strong and less susceptible to the cyclical fluctuations seen in the domestic market.

“Amelio Solar’s proven ability to deliver large, complex solar projects will enable us to better support businesses and public sector bodies in cutting their carbon emissions, while positioning Good Energy as a leader in commercial solar solutions.”

Richard Jones, managing director of Amelio Solar Energy said: “We are a company with sustainability at its heart. Over the last few years in particular we have developed our expertise in the commercial, education and public sectors which has seen us deliver some excellent growth. We have led with premium products and a service to match.

“Becoming part of the Good Energy team will help us take the company to the next level and we are excited to be part of that journey.

“For now though, it very much business as usual and continuing to develop our services and deliver sound advice and robust projects for our clients.”