Electronic component distributor APC Technology has acquired an energy-efficiency analysis company for more than £164,000.
The Strood firm’s takeover of EEVS – which provides information on how energy-saving products are performing – is the latest in a series of investments in the sector.
APC’s bill-cutting arm Minimise Group provides businesses with energy efficient products like LED lighting – which EEVS’s technology could help improve.
EEVS recorded revenues of £546,774 in the 12 months to the end of March and made a pre-tax loss of £59,109, with net assets of £111,783.
APC – which said recent trading has been in line with market expectations – said ownership of EEVS will show potential customers how they can save money using its energy-efficiency products using “hard evidence gathered and presented using internationally recognised processes”.
Chief executive Mark Robinson said: “The acquisition of EEVS Insight Limited brings significant new expertise into the group.
“EEVS has good brand recognition across the UK’s energy efficiency sector and we have no doubt the services it provides will benefit Minimise’s growing customer base, especially those customers looking to achieve improved energy efficiency through the implementation of third party-financed energy efficiency projects.”