Construction specialist Powerwall has today (Monday, August 6) been purchased by a leading renewable energy and engineering company in a deal that safeguards 30 local jobs.
The firm, which entered into administration on June 18, has been bought by Enevis, which operates across the UK from its base in Kent, England.
Powerwall offers a range of cutting-edge building products and techniques, including high-tech ‘off-site’ modular construction and green energy insulation solutions. Powerwall is the first UK firm to achieve a 60-year life expectancy certificate for its external insulation materials from the British Board of Agrement.
This deal underpins Powerwall’s future, protecting the company's proud history of manufacturing render in the area, by joining forces with Enevis, which has established a strong foothold in the construction and renewables industry during the past 25 years.
As part of the acquisition Powerwall will split into two separate divisions; Enewall, which supplies renders and aggregates, which will be branded Powerwall; and Enemetric, which will focus on revolutionary Volumetric Space Frame Systems.
Enevis’ investment allows Powerwall’s industry-leading specialisms to be incorporated into its complementary portfolio of products and services.
The company can now offer a full turnkey solution from initial design and concept through to the delivery of bespoke, high-tech ‘off-site’ modular buildings featuring the latest cost-saving renewable energies, all installed by an in-house and expert team of engineers.
Gary Mayatt, Managing Director of Enevis and the newly formed Enewall and Enemetric, said: “We are absolutely delighted to have completed the purchase of Powerwall, the construction industry experts with whom we have developed a fantastic working relationship during the past 10 months.
“Like many companies, Powerwall has been affected by difficult trading conditions brought on by the current economic and financial crisis and was forced into administration. We are pleased to welcome Enewall and Enemetric, an established brand and recognised market leader in Scotland, into the Enevis group of companies. The newly named companies will form an integral part of our future UK business strategy.
“This acquisition brings stability to the company, its staff and customers. It also maximises the key strengths of both parties, allowing us to provide a greater range of services to a greater number of clients.
“By completing this significant financial and managerial investment we have added an invaluable string to our bow. We are now able to offer cost-saving, green energy services and solutions in modular building construction, mechanical and electrical engineering and renewable energy fields – meaning we can design, construct and fit bespoke, money-saving buildings for customers across the UK.”
The acquisition was completed seven weeks after Powerwall went into administration.
To find out more about Enevis, visit www.enevis.co.uk.
