Renewables distributor CCL Energy has set its sights on significant turnover growth after acquiring Firefly Solar Generators.
The deal will instantly boost group turnover to nearly £30 million, however director Paul R Brooks said his ambition was to realise group turnover of more than £50 million.
Firefly, to be formally renamed as Firefly Hybrid Power (FHP), will contribute towards CCL’s staff count and take it to 44 with immediate effect. The company said this figure could rise to as high as 75 over the next few years.
Firefly employee David Piper will manage the new entity.
Firefly’s portfolio of products will be combined with CCL’s in order to bolster the combined group’s share of the market, while FHP will also be tasked with future product development for the entire group.
Brooks said the deal reinforced the company’s commitment to its Powerplus range of products and hinted at expanding its reach overseas.
“While the USA and Africa are clear targets, closer to home the UK and Scottish Governments are encouraging low carbon investment and innovation. There are also growth opportunities for the CCL Energy Group with Firefly Hybrid Power products, both in the UK and beyond,” he added.