Transmission owner and system operator National Gas has announced the acquisition of design engineering experts Premtech Ltd for an undisclosed sum, with the support of law firm Shakespeare Martineau.
The deal will see National Gas boost its design engineering capability, bringing the expertise in-house.
Taking on all 50 of Premtech's team members, the Ashby-de-la-Zouch-based consultancy will remain independent from the regulated business of National Gas Transmission, operating its own offices, IT and people systems, hiring processes, and benefits.
Jon Butterworth, CEO of National Gas, said: "Premtech is a highly respected and successful company that's renowned for its expertise in engineering consultancy and design in the energy sector and we're extremely proud to become its new owners.
"We've forged a strong relationship with Premtech over many years and, as a result, it has an in-depth knowledge of our business and how we work. This transaction brings important design capability in-house, enabling us to better deliver on our capital expenditure plan as well as support our future work in the vanguard of developing hydrogen, carbon capture and storage, and a wide range of digital and innovation projects."
Acting on behalf of National Gas, the Shakespeare Martineau team included Michael Stace, Marie-Therese Harper and Joshua Dyal (Corporate), Sarah Evans (Property), Emma Oliver (Employment) and Huw Witty (Tax).
Michael Stace, head of corporate at Shakespeare Martineau, said: "We were delighted to support the National Gas team with this acquisition. We're embedded in the energy sector and it's great to see exciting unions, like this, in the market."
ENDS
Press contacts
Emma Houghton - emma.houghton@shma.co.uk
Jemma Page - jemma.page@shma.co.uk
About National Gas
National Gas comprises three businesses, National Gas Transmission, National Gas Metering and National Gas Services.
As both the transmission owner and system operator, National Gas owns, builds and operates the high-pressure NTS with day-to-day responsibility for balancing supply and demand in real time and facilitates the connection of assets to the transmission system. The NTS comprises approximately 7,600 kilometres of high-pressure pipe and 23 compressor stations connecting to 8 distribution networks and other third-party independent systems.
About Shakespeare Martineau
Providing legal advice in life and business, and working with organisations of all sizes, the firm delivers a broad range of specialist legal services and has expertise across multiple areas including but not limited to: energy, education, banking & finance, healthcare, investment funds, manufacturing, agriculture, family business, Islamic finance, later living, social housing, charities and real estate. Shakespeare Martineau also provides services for families and private clients.
The firm's purpose is clear - to unlock potential - and its ambitions are unlimited, aiming to become one of the most admired top 30 legal & professional services groups by 2025.
Shakespeare Martineau has been listed in Best Companies 2022 as one of the top 100 best large companies to work for in the UK. It also ranked as a top 25 law firm, top 75 East Midlands company, top 75 West Midlands company, and top 50 large London company to work for.
With more than 1,200 people, Shakespeare Martineau has hubs in Sheffield, Lincoln, Nottingham, Leicester, Birmingham, London, Milton Keynes, Stratford-upon-Avon, Bristol, Solihull and Edinburgh.
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