Professional services firm Gemserv has acquired Ecuity Advisory as it looks to expand its services for its clients looking to support the transition to net zero.
The company said Ecuity’s expertise in energy, mobility and environment policy “complements Gemserv’s established role as a manager of high-profile projects” in the energy sector, as well as other sectors such as the public sector and health.
Ecuity’s clients include companies serving the energy industry, government departments and trade associations. It specialises in shaping policy and growing sustainable energy markets, with over 15 years of experience in heat and energy efficiency.
The two companies have already worked together on the government-funded Heat Networks Investment Project, which was launched in 2018 and designed to increase the number of heat networks being built, deliver carbon savings and help create the conditions necessary for a sustainable heat network market to develop.
The acquisition is set to create a combined group with about 220 staff and annual revenues of around £30 million.
Alex Goody, Gemserv’s chief executive, said that Gemserv has been looking for the “right match” to help meet its growth ambitions and support its purpose of “tackling social and environmental challenges”.
“Ecuity is a great fit in terms of services, clients and the impact we want to have in transforming markets in the face of dangerous climate change”.