Energy Assets Group has announced that they have recently acquired Dragon Group. Energy assets is a company that offers metering and other related services in the I&C section of the utility market. The company has acquired Dragon Group in order to move forward with carrying out their aim of being a multi-utility network designer, constructor and operator for both the residential, industrial and commercial markets. Dragon Group was started initially by Simon Phipps and Debbie Edgar 15 years ago and the Group manages to generate a revenue that is valued in excess of £14 million.
Dragon Group is a Northampton based company that includes Dragon Infrastructure Solutions, or DIS. The Infrastructure company is one of the leading providers of Independent Connections and Utility Infrastructure. DIS mainly focuses on offering their services to the residential new development market; but is does have a reputation for delivering solutions across all market sectors, residential, commercial and industrial. It is thought that the company’s core electricity design and their operational skills will be useful to Energy Assets and will help them boost their portfolio in order to achieve their expansion goal.
The acquisition made by Energy Assets Group includes Dragon’s Utility Distribution Networks means that the Energy company will have an iDNO licence to add to their Independent Gas Transporter accreditation. This new licence means that the Asset Group are able to accelerate their offering to the gas and electricity network on a national scale.
Dragon is seen as a complimenting company for Energy Asset because of their comparisons in strategies and their shared ideals which strive for operational excellence. DIS will also offer an increased geographic coverage and an improved technical strength. These improvements will mean that Energy Assets will have an improved proposition for both the commercial and industrial sectors across Britain.