Network Plus has completed the strategic acquisition of EOS Contracting Limited on 6th August 2021. This is the second acquisition completed during this financial year and supports the Group’s diversification strategy.
Leading utility and infrastructure service provider Network Plus has completed the strategic acquisition of EOS Contracting Limited on 6th August 2021. This is the second acquisition completed during this financial year and supports the Group’s diversification strategy.
Established in 2013, EOS Contracting has an excellent reputation for the safe and efficient delivery of arboriculture and infrastructure vegetation management services. The company operates across the Midlands and the South East and has secured a number of strategic, long term contracts with leading utility and infrastructure asset owners.
The acquisition strengthens Network Plus’ service offering to the UK’s distribution network operators by providing complementary solutions including specialist vegetation surveys and arboriculture activities.
Sam Atherton, Group Business Development and Strategy Director said “This acquisition opens up an exciting new market to Network Plus and complements our existing overhead line operations. In adding EOS’ skill sets and expertise, we can offer more intelligent delivery solutions to our electricity clients, minimising network outages, reducing disruption to customers and increasing overall efficiency.”
“EOS supports a number of the UK Distribution Network Operators, and a range of clients within the civil engineering, rail and highways markets. We are excited to explore these additional markets and maximise the business’ potential. As with Capital Traffic Management earlier this year, we will now work closely with the management team to enable a smooth integration into the Group.”
Key personnel at EOS Contracting, including Alex Gurney, will remain with the organisation to ensure continuity of service to clients.