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23/05/2023

OCU Group Completes Acquisition Of Northavon

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OCU Group has acquired the Northavon Group of companies, including Northavon Group Limited, Northavon Holdings Limited, Northavon Water Services Limited, Hydrovein Limited, and Multivein Limited, along with their respective subsidiaries.

The acquisition was subject to regulatory clearance, which has now been received.

Northavon provides a broad range of services to its clients across South England and South Wales, which include South West Water, Thames Water, Dŵr Cymru Welsh Water (Welsh Water), local authorities, transport infrastructure clients, and a number of blue chip housing development companies.

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Northavon's work includes mechanical, electrical, instrumentation and civils design, construction and installation of clean and wastewater treatment facilities and sewage pumping stations, together with maintenance services, highways and developer services works.

Established in 2016 by brothers Mark and David Matthews, Northavon has a workforce of over 350 employees and contractors and delivered revenues of around £50m in the financial year to 31st October 2022.

OCU is a Stockport-based energy and utilities specialist, that operates within regulated and non-regulated infrastructure markets, including electricity, power, rail, water, and telecoms. The acquisition marks OCU’s sixth and largest acquisition in the past 12 months.

Mike Clancy, Group Managing Director of Northavon said: "On behalf of everyone at Northavon, we are excited by what the future holds as part of the OCU family. I look forward to merging our specialisms, sharing learnings, and using our joint expertise to solve challenges facing the industry."

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