Dartford-based renewable energy expert Enevis has announced that it has completed the acquisition of Scottish construction company Powerwall.
The substantial investment allows Enevis, the installer of one of London’s largest multi-installation solar projects, to split into two separate divisions: Powerwall, which will incorporate Enewall and supply renders and aggregates; and Enemetric who will focus on Volumetric Space Frame Systems.
Gary Mayatt, Managing Director of Enevis and the newly formed Enewall and Enemetric, said: “We are absolutely delighted to have completed the purchase of Powerwall, the construction industry experts with whom we have developed a fantastic working relationship during the past 10 months.
“Like many companies, Powerwall has been affected by difficult trading conditions brought on by the current economic and financial crisis and was forced into administration. We are pleased to welcome Enewall and Enemetric, an established brand and recognised market leader in Scotland, into the Enevis group of companies. The newly named companies will form an integral part of our future UK business strategy.
“This acquisition brings stability to the company, its staff and customers. It also maximises the key strengths of both parties, allowing us to provide a greater range of services to a greater number of clients.
“By completing this significant financial and managerial investment we have added an invaluable string to our bow.”
The acquisition will allow the company to expand its offering, allowing the company to develop a solution from initial design and concept right through to the delivery of bespoke, high-tech ‘off-site’ modular buildings featuring the latest renewable solutions. The deal was completed seven weeks after Powerwall went into administration.