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Latest hard service provider acquisition announced

04 April 2018

Facilities and power engineering service provider Freedom Group has been acquired by NG Bailey for an undisclosed sum.

Although no financial details or long-term plans were confirmed, the announcement stated that the deal will allow the new owner to "extend its range of services and develop a presence in new sectors".

One of the new areas of concentration is expected to be the electricity distribution network (DNO) market, due to Freedom Group's power engineering activities and the expected increase in the use of low carbon and battery storage technology.

The group consists of four divisions, including Infrastructure Services, Networks, Power and Professional Services.

Its clients include DNOs and private network owners covering substations, overhead lines, underground cables, buildings and associated infrastructure.

Freedom will continue to be run by its management team and the £120m business will maintain its identity, the statement confirmed.

Adding its 600 employees to the NG Bailey group will see its headcount increase to 3,600 staff, with an expected turnover of more than £600m per annum.

The deal was enthusiastically described by both NG Bailey chief executive David Hurcomb and Freedom Group chief operating officer David Hartley as providing further growth opportunities for the two organisations and making "strategic and commercial sense".

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