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Acquisition Announcement

Acquisition of various aspects of Abel Energy Ltd

 

Wood Energy Ltd (part of the Strong Energy Group of Companies) is pleased to announce the acquisition of various aspects of Abel Energy Ltd.

On the 8th Dec 2017 Wood Energy Ltd has acquired all of the Service & Maintenance obligations currently held by Abel as well as the sales pipeline of over £20 million. In addition, Wood Energy has agreed to take on staff members to enable a smooth transition from Abel to Wood Energy.

Jeff Tomlinson [Sales & Marketing Dir] said; ‘’since 2001 we have been quietly dominant in all sectors of the biomass industry, including the latest ‘waste wood’ sector, and following a hugely successful 2017 for the Strong Group, and particularly Wood Energy, this latest acquisition puts the company in an even stronger position as we head confidently in to 2018’’.

Chris Abel [Managing Director of the Abel Group] said; ‘’There has been a significant decline in demand within the renewable sector in our limited geographical trading area of East Anglia over the past two years, coupled with stiff competition from the likes of Wood Energy, and following uncertainty of changes to the governments renewable energy policy, regrettably we have therefore made a decision to close our Biomass division and concentrate on our house building and commercial property lettings businesses. We want to ensure our customers have continued, Service & Maintenance support and a reliable company to deal with for new installations and we would therefore highly recommend Wood Energy Ltd. They have a first class team of engineers that will promptly assist with any breakdowns, servicing or new installation requirements you may have.

 

Abel Take Over