Business
Acquisition
Amcomri Group plc has entered into a conditional agreement to acquire the National Compliance and Testing division of Enerveo Limited for £1, a transaction expected to complete by May 31, 2026. This acquisition, which generated approximately £5 million in unaudited revenue for the year ended March 31, 2025, will add net assets of around £1.5 million to Amcomri and is seen as a significant opportunity to expand into the private network electrical-infrastructure market, leveraging synergies with existing group businesses. Disclaimer*
About this update from Amcomri Group Plc
[{"type":"text","content":"\n\n27 March 2026\n \nAmcomri Group plc\n(\"Amcomri\", the \"Company\" or the \"Group\")\n \nAcquisition of the National Compliance and Testing division of Enerveo Limited, a subsidiary of SSE plc\n \nAmcomri Group plc (AIM: AMCO), the \"Buy, Improve, Build\" UK focused, specialist engineering services and industrial manufacturing group, is pleased to announce that its new wholly owned subsidiary, GridCore Electrical Services Limited (\"GridCore\"), has entered into a conditional business purchase agreement (\"BPA\") to acquire the business and assets of the National Compliance and Testing division of the Infrastructure Solutions business of Enerveo Limited (\"Enerveo\"), a subsidiary of SSE plc, for a consideration of £1 (the \"Acquisition\").\n \nThe Acquisition provides Amcomri with an established, UK wide specialist electrical test and compliance operation, and opens a further significant opportunity for the Group to expand its activities in the 'private network' electrical-infrastructure market, a key strategic target sector.\n \nThe National Compliance and Testing division has an established long standing customer base with a significant level of recurring revenue, supported by a highly experienced operational team. The Acquisition also creates a strong opportunity for the Group to leverage synergies with its other companies operating in the power electrical maintenance and engineering sector.\n \nAmcomri has a proven track record and extensive experience in successful completion and subsequent growth of business and asset type transactions, most recently with the Group's acquisition of Drurys Engineering Limited and Claro Precision Engineering Limited, in March 2024. \n \nFor the year ended 31 March 2025, the National Compliance division being acquired generated revenues of approximately £5 million (unaudited). Amcomri will acquire net assets of approximately £1.5 million on completion for £1.\n \nCompletion is expected to occur on or around 31 May 2026 and is conditional on customary conditions including the novation of material contracts to GridCore and completion of the TUPE process (the \"Conditions\"). If the Conditions have not been met or waived by GridCore (where permitted under the BPA) on or before 31 July 2026, the BPA will terminate. As part of the transaction, Ene...