Dragon
Infrastructure Solutions (DIS) is a leading Independent Connections Provider
(ICP) and Utility Infrastructure Provider (UIP) with a primary focus on the
residential new development market, but with an excellent reputation and track
record of delivery across all market sectors – residential, commercial and
industrial. Their core electricity design and operational skills are a perfect
addition to the Energy Assets portfolio.
The
transaction, which includes the acquisition of Dragon’s Utility Distribution
Networks (UDN), adds an iDNO (Independent Distribution Network Operator)
licence to Energy Assets’ Independent Gas Transporter (iGT) accreditation,
enabling the Group to accelerate its gas and electricity network operator
product offering, nationally.
Both
DIS and UDN become part of the Energy Assets Utilities brand, which was
launched during 2016.
Colin
Lynch, Managing Director of Energy Assets Utilities - Networks, commented:
“Dragon
is an excellent fit for our business, not only through clear strategic
synergies but also our shared ethos of operational excellence.
“DIS
adds geographic coverage and significant technical strength to our dual fuel
network design and construction operations, enhancing our high quality
proposition to both the commercial and residential markets across Britain. At
the same time, UDN’s iDNO licence complements our iGT status perfectly and
completes our dual fuel network operator product portfolio.”
Simon
Phipps, DIS Director, commented:
“The acquisition is another exciting milestone in Dragon’s history which further strengthens the company’s capabilities as a leading ICP in Britain. The investment is excellent news for both the core Dragon business and our recently established iDNO UDN and marks the next stage of growth for the business.
“It
was extremely important for us to find an owner that shares our drive for
continued growth through a client-driven strategy and Energy Assets, with its
market leading utility metering and gas network connection products, fits that
bill. This is great news for both our businesses and clients, as we complement
each other, providing truly national delivery capability as well as continued
investment in our services across our markets.”
Dragon Group
was started by Simon Phipps and co-Director Debbie Edgar 15 years ago and
generates annual revenues in excess of £14m. It employs 90 staff at its
Northampton headquarters and serves a diverse customer base that includes
central and local government, retail centres, public service providers, house
builders, developers and construction companies.
Ends
Media enquiries to:
Philip
Colley or Colin Bridgman, Harvest PR
Tel:
+44 (0) 23 9244 9655 / 07785 306378 / @harvestprman
Notes to Editors:
Energy Assets
Energy Assets provides metering and related services in the I&C segment of the utility market and is the largest independent provider of I&C gas metering services in Britain, by number of assets owned and managed.
The Group offers utility suppliers and end-user consumers of energy a broad spectrum of expert multi-utility metering services, from the provision and management of new and replacement meters through its Meter Asset Management division to the delivery of multi-utility networks – including gas, electricity and water – through Energy Assets Utilities. The Group also enables customers to collect and analyse energy consumption data and provides a suite of control technologies to help drive energy efficiency and carbon reduction.