Balfour Beatty Group announces acquisition of Power Efficiency.

Posted: April 01, 2011

New partnership formed to deliver comprehensive ‘end-to-end’ energy service provision to customers.

Power Efficiency, the energy procurement and carbon strategy consultancy, has today announced that it is has been acquired by Balfour Beatty, the international infrastructure group, becoming part of its Support Services Division. Power Efficiency has been seeking an investment partner to help it achieve its aim of becoming the leading energy services provider in Europe.

Merging with Balfour Beatty will allow Power Efficiency to broaden its range of services and provide customers with access to wider resources and capabilities. The combined entity will have over 100 dedicated technical specialists and account managers focusing on the delivery of end-to-end energy and carbon management services.

“Through market research and direct feedback from our customers, it has become very apparent that companies are looking for an ‘end-to-end’ service,” commented Bobby Collinson, Managing Director of Power Efficiency. “With Balfour Beatty we will be able to facilitate energy procurement and compliance services, as well as full project management from implementation to operations and maintenance, and even offer customers project finance. This will put Power Efficiency at the cutting edge of the burgeoning energy services market, and provides us with a solid platform for growth and development.

“The skills and capabilities of Balfour Beatty are complementary to those within Power Efficiency and both share a common and determined aim to deliver a leading energy services business,” continued Collinson. “We are in the process of combining our two companies into one team that will be ideally positioned to meet the challenges and opportunities of the energy market in the future. Our primary consideration is to ensure our customers are fully supported, and service delivery is maintained”

Balfour Beatty Chief Executive, Ian Tyler, said: “Increasingly, providing our customers with advice and help to reduce their energy costs and carbon footprint is seen as an integral part of the service we offer them.  This acquisition enables us to add additional skills and capabilities to our existing range of services and I am delighted that Power Efficiency’s management share our goal to build a leading energy services business.”

About Power Efficiency

Founded in 1999 with the prime objective of bringing a fully-rounded, strategic approach to the business of energy management, Power Efficiency is one of the UK’s leading consultancies in helping businesses define and achieve successful energy procurement and carbon strategies.  With a management team that long standing  experience in energy markets in both the UK and overseas, covering core areas such as energy procurement, energy reduction, auditing and the introduction of new technology, Power Efficiency constitutes a known and respected voice with every key supplier in the utilities markets, and also with legislative bodies, including the UK and EU governments.

About Balfour Beatty

Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group operating in professional services, construction services, support services and infrastructure investments. We work in partnership with our customers principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East, who value the highest levels of quality, safety and technical expertise.

Key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation); and commercial (offices, leisure and retail). The Group delivers services essential to the development, creation and care of infrastructure assets including project design, financing and management, engineering and construction, and facilities management services.  Balfour Beatty employs 50,000 people around the world.

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James Cooper, Duncan Gurney or Julie Kirby
Ascendant Communications
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