M Group snaps up residence decarbonisation specialist
Utilities contractor M Group Products and providers has acquired residence decarbonisation firm AgilityEco, in its most contemporary switch to toughen its renewable vitality capabilities. AgilityEco helps vitality providers, local authorities and diversified corporations toughen vitality effectivity and slash again utility bills. It used to be sold for an undisclosed sum. The Surrey-based completely firm joins
Utilities contractor M Group Products and providers has acquired residence decarbonisation firm AgilityEco, in its most contemporary switch to toughen its renewable vitality capabilities.
AgilityEco helps vitality providers, local authorities and diversified corporations toughen vitality effectivity and slash again utility bills. It used to be sold for an undisclosed sum.
The Surrey-based completely firm joins M Group’s existing portfolio of vitality provider providers, including Morrison Energy Products and providers, Seeka and Callisto.
M Group Products and providers chief govt Andrew Findlay acknowledged: “The acquisition of AgilityEco represents an extension of our capabilities to bring well-known products and providers to our existing vitality and local authority possibilities.
“These products and providers enable our possibilities to meet their regulatory tasks and enhance the provide of their ambitious decarbonisation agendas.”
Purchasers of both corporations consist of British Fuel, Ovo Energy, Eon and National Grid. M Group Products and providers also counts Complete and SGN amongst its vitality products and providers possibilities.
AgilityEco has 216 partnerships with local authorities and estimates it has unlocked £57m in funding for vitality effectivity projects for its possibilities and partners.
The company is a B-Corp, which plot it has demonstrated a high social and environmental efficiency to external certifiers.
AgilityEco managing director Sharon Johnson acknowledged: “Being fragment of M Group Products and providers provides get entry to to complementary capabilities and enhances our skill to present a differentiated offering for our possibilities and partners.”
M Group Products and providers ranked ninth within the 2023 CN100, Constructing Files’ annual ranking of contractors. Nonetheless, even though the firm’s turnover elevated by £300m to when it comes to £1.9bn, pre-tax profit dropped from £30m to £79m – a drop of 161 per cent.
M Group has committed to reaching procure-zero emissions by 2050. It launched a Carbon Discount Group in September 2022, which meets every six weeks to discuss tips for responding to local climate substitute.
Its most contemporary environmental, social and governance represent estimated that its carbon emissions within the one year ending March 2023 were down 16 per cent on the old one year.
Simon Most intriguing, managing director of M Group Service’s vitality division, acknowledged: “AgilityEco has established a main unbiased available within the market over the past decade and brings a stable location of adjoining capabilities to our team, which we’re angry to present to our possibilities.
“We see ahead to supporting the provide of AgilityEco’s ambitious growth opinion within the arrival years.”
