• M Group buys Babcock power lines arm for £50m

    M Group buys Babcock power lines arm for £50m
    Infrastructure specialist contractor M Group Services has bought Babcock’s Overhead Line Power business for £50m.
    Following the acquisition, the business will be rebranded to form part of Morrison Energy Services, sitting alongside and enhancing existing electricity, gas and green energy capabilities.
    In latest accounts to March 2021 the business reported total revenues of £70m and pre-tax profit around £7m before allocated overheads.
    The overhead line electric transmissi

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