Inverness-based investment group GEG Capital has acquired a majority stake in Grangemouth-based multi-disciplinary consultancy firm IKM Consulting.
The deal for the engineering, environmental and surveying consultancy is aimed at bolstering GEG's engineering and environmental capabilities, supporting its role in the UK's energy transition.
GEG Capital director Jia MacKenzie commented: “We are delighted to bring IKM under the GEG Capital umbrella and look forward to embarking on the next stage of its growth journey together.
“IKM not only have an exemplary reputation and culture that aligns with our own, they bring to the group extensive expertise in civil and structural engineering design and environmental consultancy.
“Those capabilities - and vast experience working with some of the largest international blue chip organisations - supported by the GEG Capital management team will present numerous opportunities for the growth of the business in a dynamic, transitioning economy.”
IKM, which employs 60 staff, with offices in Grangemouth and Runcorn, recently provided onshore infrastructure support for the new 882MW Moray West offshore wind farm, while its environmental team has been engaged by Siemens Mobility on work with the Scottish Government on the decarbonisation of its railways.
David Taylor, managing director at IKM, said: “Our extensive legacy in the energy and infrastructure sectors makes us a perfect fit for GEG Capital in many respects.
“With their support, we will continue to support our existing clients in Scotland and grow our networks across England's north west and north east regions, benefitting from the synergies and strategic relationships that will be created with other companies within the portfolio.”
IKM, founded by current chair Ian Maclachlan, has a 25 year legacy across multiple sectors, since starting out on industrial and commercial projects within the oil, gas and petrochemicals sector.
Maclachlan, who had already taken a step back from the day-to-day running of IKM, will remain in an advisory and mentorship capacity for the next two to three years.
GEG Capital companies include civil engineering contractor Global Infrastructure, construction company Capstone Construction, and independent safety, environment and engineering consultancy Mabbett.
Its recruitment portfolio includes Global Highland, Cammach Bryant, Be Personnel and Genesis Personnel.
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