Renew, the Leeds-based engineering services group, has acquired Enisca Group from its founders for a total consideration of £15.6m.
Enisca is a multi-disciplinary engineering business operating in the water and environmental sector with headquarters in Cookstown, Northern Ireland but with a base on the UK mainland. Enisca has long term Mechanical, Electrical, Instrumentation, Controls and Automation (MEICA) frameworks with Southern Water, South East Water, Affinity Water, Yorkshire Water, Irish Water, Northern Ireland Water, Anglian Water and Northumbrian Water.
The entire executive management team of Enisca will remain with the business post acquisition.
Paul Scott, Chief Executive of Renew, said: “This acquisition broadens Renew’s exposure to the UK water market and is consistent with our stated strategic objectives. Enisca is a highly regarded business with a strong track record and is well known to Renew having been a joint venture partner of Browne since the start of AMP6 in 2015.
“Our existing multidisciplinary water capability, complemented by the inclusion of Enisca will significantly enhance Renew’s proposition ahead of AMP8 procurement in 2024. I am delighted to welcome the management and staff of Enisca to the Renew family.”
Tom Ruddy, chairman of Enisca, said: “We very much look forward to the opportunity to join with Renew for this attractive new chapter. Renew will be an excellent long-term strategic fit for Enisca giving us access to its interconnected group subsidiary businesses, clients and frameworks.
“I would like to thank my fellow directors and shareholders and all the employees of the Enisca Group companies for building the company to where it is today, a strong and vibrant business in the UK and Ireland Water and Environmental markets.”
