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Browne Jacobson advises on Indian backed acquisition of North West based power company Edina

26 March 2018

Browne Jacobson has advised on the cross border acquisition of Cheshire based Edina by EPAL for an undisclosed consideration.

Leading specialist clean energy law firm Lux Nova led on the deal with Browne Jacobson’s Kassra Powles providing property and Helen Taylor employment law advice.

Established in 1985, Edina supplies, installs and maintains combined heat & power (CHP), gas and diesel power generation systems across the UK, Ireland and Australia. The company, which employs 200 people across its UK headquarters in Greater Manchester and manufacturing base in Lisburn (Northern Ireland), has delivered strong growth in recent years and in 2014 was awarded the Queen’s Award for Enterprise (Innovation). 

EnergyPro Assets Limited (EPAL) is a joint venture between Energy Efficiency Services Limited, the world’s largest public energy services company established by the Government of India, and EnergyPro Ltd, a UK based advisory company in energy efficiency. In the UK EPAL’s aim is to promote and implement low-carbon, energy efficiency and renewable energy solutions in both the public and private sectors.

CEO of EPAL Neelima Jain, who will become Commercial and Business Development Director at Edina, said:

“The acquisition is an important development in bringing together the efforts of two companies that have achieved distinguishing competencies in their respective energy efficiency markets. This partnership has far-reaching implications on the global energy sustainability scenario, and for promoting low-carbon growth by industries in Europe and Asia. With CHP technology’s contribution to the UK energy portfolio expected to double between 2015 and 2020, UK is a promising market for EESL to grow its own capabilities in the trigeneration sector.”

Kassra Powles, property associate at Browne Jacobson, added:

“We are delighted to have supported Lux Nova and their client EPAL on this strategically important acquisition. Browne Jacobson has extensive experience advising UK and international corporates, government bodies, developers, landowners and energy purchasers on major technology collaborations, procurement, joint ventures, contractual negotiations, property management, outsourcing, competition issues, employment and industry regulation.”

 

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