Svella steps in as utilities firm Aberla goes into administration

Grant Prior 5 months ago
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Investment and acquisition specialist Svella has purchased two Aberla Group companies after the utilties business fell into administration earlier this week.

The move will safeguard 19 jobs at the Warrington based specialist as Svella strengthens  its infrastructure division.

Svella bought the telecoms, plant hire, transport and accommodation operations of failed contractor nmcn out of administration last year.

And former nmcn CEO Lee Marks is now a director of Svella.

He said: “We are delighted to have safeguarded 19 skilled roles in sectors with significant growth potential and we welcome Aberla employees to the Svella family.

“The rising cost of fuel, global focus on decarbonising transport and the expansion of electric vehicle infrastructure across the UK means the acquisition of Aberla Energy is of strategic significance to Svella Plc.

“Its service proposition is complementary to Svella Connect and allows us to leverage our digital infrastructure expertise to target growth in the fast-developing electric vehicle charging market.

“Aberla Utilities has strong capability and expertise in network design, which is a great strategic fit and really bolsters Svella Connect’s current customer offering.

“With the industry ramping up to deliver Government targets around full-fibre and EV charging, these acquisitions will create exciting commercial opportunities in line with our vision for long-term, sustainable growth.”

Jason Elliott, joint administrator and partner at Cowgills, said: “Having suffered extremely difficult times the Aberla board was required to make some difficult decisions.

“However, with our guidance, their backing and the unwavering interest shown by Svella Plc, we were able to successfully complete these deals thereby ensuring the continuity of 19 jobs. I wish Svella Plc and everyone associated the very best for the future.”

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