Acquisition part of long term strategy focused on management of utilities
Utilitywise, one of the UK’s leading energy and water consultancies has today announced its acquisition of t-mac Technologies Ltd (t-mac). Through its own proprietary technology and software t-mac allows clients to monitor and reduce their energy consumption, making savings and helping them comply with government legislation. The purchase is in line with Utilitywise’s established strategy of broadening the services it offers in response to customer needs.
t-mac’s modern, cloud-based technology provides Utilitywise with the assets and skills to provide new services to its customers as part of a complete Utility Management Plan: the Plan covers all aspects of a customer’s interaction with utilities provision from procurement to management, monitoring, and reduction of electricity, gas and water. The acquisition enhances existing t-mac customer relationships, whilst providing an opportunity for Utilitywise’s current customer base to benefit from t-mac’s cutting edge technology.
t-mac provides real-time energy and environmental metering and monitoring as well as building controls and equipment performance management. t-mac’s use of an interactive, cloud based central software platform means that users can analyse, manage and operate one or many buildings through single software interface from anywhere in the world. Founded in 2004 and based in Chesterfield with 28 employees, t-mac services both SME and I&C (industrial and commercial) customers in the retail, education, manufacturing, transport, and leisure sectors. t-mac has significant market experience and a strong reputation across market segments where Utilitywise is already successful, and where demand for energy management solutions is buoyant.
Geoff Thompson, CEO of Utilitywise, said:
“We are committed to listening to our customers. We know that they are increasingly looking for rapid impact, cost-effective services that give them more control over electricity, gas and water usage and protect their businesses against future price volatility. Our services – delivered as part of a complete Utility Management Plan – are about helping our customers drive their business efficiency. As a business we have always invested in technology to deliver added-value services to our customers and we were impressed with t-mac’s innovative, market-leading cloud-based solutions.
“This acquisition will allow us to reach new customers and to provide energy monitoring and controls services to our existing customer base of more than 23,000 SME and I&C customers. The team at Utilitywise believes passionately in making the energy sector easier to do business with, and we’re excited to be working with Lisa Gingell, Jonathan Wilkinson and their fantastic team to bring our combined offer to market.”
Lisa Gingell, co-founder and Director at t-mac, commented:
“We are delighted to be joining the Utilitywise Group; these are exciting times for both of our businesses. Our key focus in the last decade has been on technology and innovation; and we’re delighted this has been recognised by the Utilitywise team. Evidence of our success is seen through our fantastic client base as we have secured business with some high profile, blue-chip clients in the UK, Europe and Asia Pacific.
“We will be bringing all of our technical expertise and solutions to the Utilitywise Group, helping to expand the Group business model by offering energy management and carbon reduction technologies to its growing client base. We are looking forward to working together to deliver a complete utility management solution to our customers.”
RBS has provided a £25m revolving facility to support the acquisition and the firm’s continued business growth aspirations. Graham Robinson, relationship director at RBS, said:
“Utilitywise is a strong, growing business and a true success story for the North East. We have worked hard to deliver an effective, innovative funding solution which supports the firm’s business growth strategy. We have a strong relationship with Utilitywise which allows for us to deliver funding solutions tailored to their business needs and wish them every success for the future.”
For further information or interviews with spokespeople, please contact:
- Liz Hampson – firstname.lastname@example.org 020 7010 0839
- Lisa Dixon – email@example.com 07795436966
Notes to editors
As one of the UK’s leading business energy and water consultancies, Utilitywise is already advising more than 23,000 clients, helping them to get the most value from their energy through better procurement and services that allow them to be more energy efficient.
Having grown from a start-up business in 2006 to managing an effective IPO in 2012, Utilitywise understands the needs and concerns of its small, medium and large customers. It works with clients ranging from South Tyneside Bowls and Social Club and the University of Bradford to FTSE100 BAE Systems and AstraZeneca. Utilitywise aims to debunk the myths that exist around utilities and support businesses across the UK to spend less time worrying about utilities and more energy running their companies.
Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com.
t-mac Technologies is an award-winning company made up of dedicated experts in the field of electronics engineering and web application bringing t-mac and its associated systems and products to life for clients; providing the next generation of energy management solutions. The company’s cutting-edge products are in demand on a global scale enabling clients to monitor and reduce their energy consumption, make savings and comply with Government legislation.
Using wireless and web-based technology, t-mac provides intelligent systems for remote, Internet monitoring and control of assets such as heating, ventilation, air conditioning and refrigeration as well as consumables such as water, air, gas and electricity
Utilitywise advised by:
James Bryce, Partner, Square One Law LLP, Anson House, Fleming Business Centre, Burdon Terrace, Newcastle upon Tyne, NE2 3AE
Dan Gambles, Director, Transaction Services, Deloitte LLP, Four Brindleyplace, Birmingham, B1 2HZ
t-mac advised by: