DWEC and DWEC Europe operate in the聽building energy management systems (BEMS)聽arena, predominantly in the South of England and Channel Islands. The Group is one of the UK鈥檚 leading systems integrators and managed service providers.
Established in the early 1990s,聽DWEC聽serves聽a聽largely blue-chip client base聽and has carried out installations in a number of prestigious sites including Buckingham Palace the Royal Household buildings, Natural History Museum, National Gallery and the Royal Albert Hall
DWEC Europe was formed in 2002聽and聽has聽customers in niche sectors such as pharmaceuticals, data centres and European wide media businesses.聽The company has developed聽a strong聽international capability and regularly carries out projects聽across Europe.
Green Sky Energy received聽a 拢10 million equity injection from LDC in March this year to acquire Matrix Group. Matrix is聽one of聽the UK鈥檚 market leading sustainable energy services organisations, deploying unified energy services to聽its blue chip client base, which聽includes聽Tesco, Marks & Spencer, BAE聽Systems and the BBC.
The聽acquisitions of DWEC and DWEC Europe were funded by a further equity investment from聽LDC聽and were聽led by聽LDC Investment Directors聽Jonathan Bell and Jon Pickering.
The聽deal聽brings the combined group turnover to over 拢36 million and聽strengthens its聽international offering as well as聽its focus聽in the key markets of聽London and the South East of England.
Jonathan Bell聽at LDC聽said:聽鈥淟DC is committed to providing聽high quality companies聽with the means to build scale organically and through acquisitions.聽The聽deal represents an excellent strategic and geographic聽fit聽for Matrix, adding more bandwidth to the group鈥檚 services as well as proven technical skills.
鈥淭his complementary acquisition聽also enables Green Sky to continue to meet聽the growing demands of聽its customers, who are increasingly keen to聽reduce their energy consumption聽as a result of聽the introduction in April of the new CRC Energy Efficiency Scheme, continued price volatility in the energy markets聽and聽the growing importance of efficiency as part of their聽corporate social responsibility strategies.鈥�
Ian Kelly, Chief Executive, said: 鈥淭his acquisition and investment聽is聽an exciting time for us all, allowing us to scale our already unique market position and continue our strategic partnering with leading UK brands that are looking for credible, national managed energy services providers.
鈥淭he challenges of both rising energy costs and carbon reduction legislation across large property estates are really driving the market and it鈥檚 key that we maintain and further develop our service capability for our clients in both reach and technical expertise, and DWEC enhances our client services significantly.鈥�
鈥淪ince the deal, we鈥檝e worked closely with LDC and聽the additional funding will enable us to build a true market-leading presence in the energy management sector with unrivalled depth and breadth of capability and skills, both technical and operational.鈥�
Following the investment, the Operations Board will be further strengthened with the appointments of David Woodhams, Founder and Chairman of DWEC and Darren Chenery, Director of DWEC Europe, who have over 40 years combined industry experience. Both Dave and Darren have invested in Green Sky Energy alongside existing investors.
David Woodhams said: 鈥淲e are delighted to be a major part of the UK's market leader in building energy solutions. The merging of DWEC and Matrix has created a business capable of national energy service delivery to meet the demands of the new dynamic energy market鈥�
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