M Group Services has successfully acquired BGEN Ltd to enhance its technical offerings.
- BGEN, formerly known as Boulting, provides specialised MEICA services in several key industries.
- With this acquisition, M Group Services aims to strengthen its position in the civil engineering sector.
- BGEN has a strong presence in the UK with substantial turnover and profit figures.
- Both companies see this acquisition as a strategic move towards supporting energy transitions and infrastructure development.
M Group Services has made a strategic acquisition of BGEN Ltd, previously known as Boulting, aimed at bolstering its technical capabilities within the industry. This acquisition enables M Group Services to broaden its portfolio, offering more comprehensive solutions to its existing clientele as well as potential new customers. This move signifies the company’s commitment to enhancing their technical engineering prowess and adapting to an ever-evolving market landscape.
BGEN has built a reputation as a leader in mechanical, electrical, instrumentation, control, and automation services, known as MEICA. The company’s expertise spans across various regulated markets including power and energy, water, pharmaceuticals, and industry sectors. BGEN’s esteemed clients, which include the likes of National Grid and major water companies such as Thames Water, Scottish Water, and Anglian Water, reflect its significant role in these sectors. M Group Services sees this alignment as a means to further strengthen long-standing partnerships and develop potential new alliances.
With a turnover reaching £226 million for the financial year ending April 2024 and a pre-tax profit of £15 million, BGEN has demonstrated remarkable financial growth, having doubled its turnover over the past four years. The company operates from 14 different locations across the UK and employs close to 1,500 staff members, showcasing its substantial footprint and its importance in the sector.
The acquisition is also regarded as pivotal by BGEN’s leadership. Robin Whitehead, the Chief Executive of BGEN, highlighted the significance of this integration as a transformative milestone in the company’s history. Whitehead insists that this step forward represents an exciting opportunity not only for the people within the company but also for its clients and partners. The integration is anticipated to enhance their services across multiple sectors, supporting their ambition of achieving comprehensive growth.
Andrew Findlay, CEO of M Group Services, expressed the alignment in culture and strategic vision between both companies. He stresses that the acquisition is in line with M Group Services’ strategic aims, enhancing their ability to offer expert engineering solutions and supporting the global shift towards net-zero energy and infrastructure improvements. This acquisition sets the company on a path of progressive expansion in an increasingly transforming world.
The acquisition of BGEN by M Group Services marks a significant step in expanding its engineering capabilities, aligning strategic goals, and supporting infrastructure development.
