Greenwoods supports the acquisition of PEME

Greenwoods supports the acquisition of PEME

As recently reported by ‘Insider’, Peterborough Electrical & Mechanical Engineering (PEME) has been acquired by technical services group Edwin James Holdings (EJH).

Greenwoods was delighted to support the shareholders of PEME with the transaction.

PEME is an outsourced reliability maintenance services company that provides electrical and mechanical plant and asset maintenance to large UK and European manufacturers.

The Greenwoods’ team, led by Director Alastair Gunn, worked with the PEME shareholders to deliver the acquisition for an undisclosed sum.

The merger strengthens the market place role for both companies, with combined revenues of about £150m and approximately 1,000 staff. 

Ashley Maile, Managing Director of PEME commented: “In Edwin James Holdings we have found the right partner with an impressive track record in delivering business growth. With our strong reputation and EJH’s in-depth industry knowledge PEME can reach its full potential delivering best in class services to the UK market place.”