Keltbray sells electrical engineering arm to management

Grant Prior 1 month ago
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Keltbray has sold its majority stake in its specialist electrical engineering contracting division to a management buyout team.

Keltbray Lagan Power has been part of the Keltbray Group since 2018.

Now its directors Emmet Lagan and Stephen Lagan have acquired the majority shareholding from Keltbray. The company will now trade as Lagan Energy Engineering Ltd.

The company will continue to be based from its existing offices in Omagh Co. Tyrone, together with the Dublin Airport Office and other operational locations such as Scotland and Mainland Europe.

Jointly commenting on the transaction, Emmet and Stephen Lagan said: “All the employees at KLP (now Lagan Energy Engineering) are grateful for the experience shared with the Keltbray Group and we wish them every success in the future.

“We will continue to work with Keltbray Group where business opportunities present themselves and we look forward to maintaining valued relationships forged with esteemed colleagues over this past two years.”

A spokesperson for Keltbray said: “Keltbray fully supports the decision by Lagan Energy Engineering’s shareholders to take the business in a new strategic direction and we will work together closely with them to ensure a seamless transition.

“We wish Emmet and Stephen Lagan, together with the Lagan team, every success moving forward and look forward to working together on appropriate future opportunities.”

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