Business
Brickability Group Acquires HBS NE Limited
Brickability Group Acquires HBS NE Limited.
About this update from Brck Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3427T\n Brickability Group PLC\n 24 November 2021\n \n \n \n \n Brickability Group PLC\n \n \n \n LEI: \n 213800SK28MWXB3K3P26\n \n \n \n 24 November \n 2021\n \n \n \n \n \n Brickability Group plc\n \n \n (\"Brickability\" or \"the Group\")\n \n \n \n \n \n Brickability Group Acquires HBS NE Limited\n \n \n \n \n \n Brickability Group plc (AIM: BRCK), the leading construction materials distributor, is pleased to announce the acquisition of HBS NE Limited (\"HBS NE\") and its trading names HBS New Energies and UPOWA, for a consideration of £5.5 million. \n \n \n \n \n \n HBS NE marks Brickability's first acquisition in the renewable energy products sector and the 13th strategic acquisition by the Group in the last three years. The acquisition comes as Brickability seeks to broaden its offering for customers and, also importantly, focus on its own sustainability commitments across its divisions. \n \n \n \n \n \n Decarbonisation of the built environment is driving significant new opportunity in Brickability's sector, with companies needing to commit to their own emission reductions while supporting the transition to net-zero of buildings and the broader supply chain. Cost efficient energy solutions are set to play a key role in supporting the built environment and housebuilding industry in meeting the changing Building Regulations landscape, as well as the UK Government's recently announced deadline for UK listed companies to publish their pathway to net-zero by 2030, in line with the UK Government's 2050 net-zero target.\n \n \n \n \n \n Founded in 2008, HBS NE\n is a market-leading renewable energy expert, specialising in the design, supply, installation and maintenance of solar PV, battery storage and electric vehicle charging technologies. With extensive cross-sector installation experience and technical expertise, HBS NE has built an unrivalled track record in the housebuilding, construction, commercial and industrial and public sectors, offering cost-effective, easy to install, energy saving and scalable technologies that simplify the construction of sustainable, zero-carbon homes and buildings. \n \n \n \n \n \n Through its product brand UPOWA, HBS NE provides a single source of sustainable technology services and products to meet the...