Clarke Energy’s long term sister company Oldham-based Clarke Telecom has been sold to Renew Holdings plc.
- Clarke Telecom sold to Renew Holdings plc
- Renew Holdings to be best partner for Clarke Telecom to maximise the potential of future opportunities.
- Clarke Energy’s executive team to focus on developing the international gas to power business
Clarke Telecom was formed in 2000 with a view of delivering quality products and services to UK cellular networks operators. The focus was on the power management niche, which Clarke Telecom developed a strong market reputation and prominent brand. By 2004 Clarke Telecom was able to provide a complete in-house end-to-end service to support network rollout and maintenance projects. In 2013 the company had grown successfully to 200 employees and reached a turnover of £33 million.
AIM-listed Renew Holdings plc (LSE:RNWH) is a West Yorkshire based company specialising in the provision of multidisciplinary engineering services to maintain and develop UK Infrastructure in the Energy, Environmental and Infrastructure markets.
Jamie Clarke, Chief Executive Officer of Clarke Energy and previously Business Development Director for Clarke Telecom stated
“We are pleased with the success that Clarke Telecom has delivered over the past 14 years. The company has grown into a leading supplier of mobile telecommunications infrastructure. We are confident that Renew Holdings will be the right owner of Clarke Telecom and will be a supporting partner for their staff and management. The team at Clarke Energy moves forward and will focus on our core gas to power business.”
Commenting on the acquisition Brian May, Chief Executive of Renew said:
“We are delighted to welcome the staff and management of Clarke to the Renew group. The acquisition is firmly in line with the Group’s strategy of growing its Engineering Services business and sees Renew expand its range of services in the Infrastructure market. Clarke has a strong management team with established customer relationships and I look forward to working with them in the future.”
