Svella Develops Renewable Energy & EV Connectivity Capability With Aberla Purchases
Investment and acquisition vehicle Svella Plc has purchased two Aberla Group business operations from administrators, safeguarding 19 jobs in Warrington and strengthening its current portfolio companies with the addition of synergistic capabilities and new customers.
Svella Plc has acquired the entire Aberla Energy business which will continue as a standalone trading entity under its Svella Infrastructure division.
Based in Warrington, and with seven employees, Aberla Energy specialises in delivering renewable technologies and integrated energy generation solutions – including solar PV, smart grids and electric vehicle charging infrastructure.
Meanwhile Svella Plc has also acquired the rights to and interest in fibre network infrastructure business Aberla Utilities, including title in contracts with two new customers.
Operations will merge with portfolio company Svella Connect, a telecoms infrastructure provider, bringing new strategic capability around network survey and design, fuelling opportunities for continued growth in the sector. Twelve employees will transfer to Svella Connect as part of the deal.
Lee Marks, Director at Svella Plc, 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.”
Cowgills' Jason Elliott who acted as Joint Administrator commented: “The Aberla Group has had a very difficult period which has seen an unprecedented drop in revenue. As a result we were appointed to advise the Board of directors which has resulted in the sale of Energy in its entirety and the business and assets of Utilities via an administration process.
“We would like to extend our gratitude to Svella Plc for working with us to achieve this result and most importantly the future of 19 members of staff across both businesses. We wish everyone connected with both companies every success in the future.”