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EDF targets commercial energy services market with Imtech buy

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Energy giant EDF has set its sights on catering for the UK’s commercial energy services market by acquiring electrical engineering firm Imtech.

The deal will be closed with EDF Energy Services, a joint venture alongside energy services firm Dalkia, both of whom will help support Imtech’s continued growth. EDF is particularly interested in growing Imtech’s low carbon solutions arm, which it said was a key part of its group strategy.

EDF Energy Services said that its combination with both Dalkia and Imtech would enable the division to offer new technologies and more innovative services, while also promising to deliver improve energy efficiency for industrial and commercial facilities.

Imtech will become a separate division of EDF Energy Services, but retain its operational autonomy and management team. The company currently employs more than 2,100 people however EDF expects this figure to grow as it looks to accelerate Imtech’s strategy.

Vincent de Rivaz, chief executive at EDF Energy, said Imtech’s addition was a “major step” in the company’s development of low carbon solutions for its customers.

“This agreement is a key element of our strategy for long-term growth and investment, and a further demonstration of our commitment and support for British businesses and industries,” he added.

Meanwhile Imtech CEO Paul Kavanagh paid testament to the firm’s existing customers.

“By combining forces with EDF Energy Services, we have secured greater capability to respond to the future needs of our customers, and will be able to design and deliver innovative solutions,” Kavanagh said.

Major energy companies have developed an appetite for business in the energy services sector, seeing them as complementary to new business interests. Centrica in particular has been busy establishing a distributed energy division by acquiring assets such as ENER-G and Neas Energy.

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