EDF Energy Services, a joint venture between French utility EDF and its Dalkia district heating subsidiary, is to acquire UK M&E specialist Imtech.
The contractor is being sold by Endless, a London based private equity firm that bought Imtech in 2015 from Dutch parent Royal Imtech after it fell into administration.
Imtech employs more than 2,100 people, generating revenues of £400m ($516m) a year by delivering M&E services, facilities management and the integration of digital control solutions.
Imtech said in a statement that "backing and expertise from the EDF Group will enable Imtech to continue to deliver high quality services for new and existing clients and support its growth across all its business, including low carbon solutions".
A timeline of the history of Imtech UK & Ireland
It added that the merger would enable the company to "apply the latest technologies and offer innovative services that deliver improved energy efficiencies at every stage in the life of industrial and commercial facilities".
Imtech will retain its operational autonomy and its management team.
Paul Kavanagh, Imtech’s chief executive, said: "We are delighted to become part of the EDF family. The support of EDF Energy Services strengthens our capacity to continue to grow and build on our relationships with new and existing customers in the years ahead."
The acquisition is subject to the approval of the European Commission.
Images courtesy of Imtech
