Kier acquires renewable-energy company
Kier has completed the acquisition of all the issued share capital of solar-PV specialist Beco Ltd. Beco will become the delivery arm of Kier Group’s newly formed business Kier Energy Innovations (KEI), and will strategically position Kier to respond to the Government’s drive to substantially reduce CO2 emissions in the next decade and beyond. Beco managing director Nigel Brunton-Reed (pictured) joins the board of KEI.
Beco designs and installs renewable-energy sources, principally using photo-voltaic technology, to produce CO2-free energy.
Kier Group chief executive Paul Sheffield said, ‘We are delighted to complete this acquisition. It will accelerate our access to a growing opportunity and enable us to respond to the needs of our customers to provide energy-saving solutions to their commercial and domestic premises.’