Edina has been purchased by EPAL, a joint venture between India’s EESL (Energy Efficiency Services Ltd) and UK based EnergyPro Asset Management Ltd.
The deal, for an undisclosed figure, will give the new owners a platform for growth in both the UK and overseas and promises more jobs and further investment.
Edina supplies, installs and maintains CHP, gas and diesel power generation systems. It employs 200 people across its UK headquarters in Manchester and manufacturing base in Lisburn, Northern Ireland, and provides work for 400 contractors. Edina also has a small operation in Australia.
EESL is the world’s largest public energy services company, owned by the Indian Public Service Undertaking which includes National Thermal Power Corporation, Rural Electrification Corporation, Power Finance Corporation & Power Grid Corporation. The four organisations have a combined market capitalisation of more than $30 billion.
EnergyPro Asset Management Ltd is a UK based company which aims to accelerate investment into energy and resource efficiency. Its work includes acquiring assets and projects, incubating new ventures, providing consultancy services and building programmes to speed up investment into energy and resource efficiency. As a joint venture, EPAL also owns ESCO operations in the UK and a share in a grid-scale battery project in Canada.