Business
Acquisition of Advantage NRG Ltd
Acquisition of Advantage NRG Ltd.
About this update from Hercules Plc
[{"type":"text","content":"\n\n27 June 2025\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.\n \n \n \nHercules plc\n \n(\"Hercules\" or the \"Company\")\n \nAcquisition of Advantage NRG Ltd\n \n \nHercules plc (AIM: HERC), a leading technology-enabled labour supply company for the UK infrastructure and construction sectors, is pleased to announce the acquisition of Advantage NRG Ltd (\"Advantage NRG\").\n \nAdvantage NRG is a specialist labour supply company providing highly skilled linesmen for the construction and maintenance of overhead electrical transmission lines, supporting major utility contractors across the United Kingdom.\n \nHercules' entry into the power and energy sector positions the Company at the forefront of the UK's once-in-a-generation transformation of its electricity networks, driven by soaring demand and the government's commitment to a net-zero future.\n \nHighlights:\n \n· The Company is acquiring 100% of the share capital of Advantage NRG for an initial cash consideration of £10.2 million, plus a deferred payment of approximately £1.5m plus a one year earn out, which could result in a maximum total consideration of £15.7 million. The earn out is based on a multiple of the average EBITDA for the year ended 28 February 2025 and year ending 28 February 2026. The acquisition is expected to be margin and earnings enhancing, and cash generative.\n \n· In the year ended 28 February 2025, Advantage NRG generated £11.1 million in revenue, EBITDA of £1.7m, and a profit before tax of £1.7 million. As of 28 February 2025, Advantage NRG had net assets of £2.5 million.\n \n· The acquisition will mark Hercules' entry into the UK power and energy sector and is complementary to the labour that Hercules already supplies to the wider infrastructure industry. \n \n· Established in 2011 and headquartered in Chorley, Lancashire, Advantage NRG has built a strong reputation in the power and energy sector and employs approximately 155 skilled operatives.\n \n·  ...