Harvey Group acquisition to ‘transform the renewable energy sector’

The Harvey Group has over 30 years’ experience in the design, installation and maintenance of building services, with a turnover of £30m and employing over 80 staff.

Solmatix Renewables was founded by Richard and Norah-Anne Bell in 2008, and has since grown to achieve a turnover of £6m, with 30 staff operating from its Nutt’s Corner premises.

Following the acquisition, it will continue to operate as an autonomous and independent company within Harvey Group.

Mutually beneficial

Harvey Group Managing Director, Brian Harvey, commented on the acquisition: “We have been planning to grow our renewables involvement for some time, either organically or through the acquisition of an established player. Having worked with Solmatix Renewables on a number of contracts, we’d always been impressed with their engineering rigour and professionalism.

“I approached Richard Bell about a year ago to float the idea of our companies coming together, but only if there was a good fit. After careful consideration we both agreed that this would indeed be mutually beneficial. From my perspective, having Solmatix as part of Harvey Group gives us a level of expertise that would have taken us years to acquire otherwise.”

Richard Bell, the founder and Managing Director of Solmatix Renewables described the acquisition as great news for Solmatix, its customers, suppliers and staff.

He said: “Being part of this larger organisation will give us access to enhanced technical skills, financial resources and purchasing power.  Ultimately I believe this will lead to greater growth and investment within our operations, as well as more jobs and job security.”