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npower buys SPI in growth drive

Energy giant npower has expanded its home and commercial energy services business by almost two thirds after buying up building services specialist SPI Group.

SPI Group – a member of the ECA and HVCA - is one of Britain’s largest building services companies and employs around 500 people across England and Wales.

They will be integrated into npower’s existing energy services business - which already employs around 800 people and includes npower hometeam which is responsible for central heating installation and boiler servicing.

npower says the deal is part of a plan to continue growing this side of its operation and says it will keep the SPI brand while looking to help the business grow.

npower looks for further growth

Kevin Miles, chief executive of npower retail, said: “This is a major step forward for npower in growing its energy services business.

“Looking ahead our plan is to grow the business still further, delivering the same high quality service that current SPI customers and clients enjoy today.” 

A number of bids for SPI 

SPI chief executive Steve Huxley said: “Over the last twelve months SPI has had a number of parties expressing interest in the business and these were reviewed on their merits.

“The npower proposition was compelling as it enabled SPI to join a large energy services group who believe in supporting and growing our business.”

SPI specialises in providing mechanical and electrical installation and maintenance services, mainly in the social housing and public building sector.

They have a large number of major clients throughout England and Wales including Balfour Beatty Construction, Wates Construction, Mansell, Connaught and Birmingham City Council. SPI’s commercial division delivers mechanical and electrical services, primarily in public buildings such as schools and libraries.

npower believes the social housing market including refurbishment and maintenance will become increasingly important in the current economic climate.