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Energy Assets Group buys engineering company in £4.9m deal

17 Mar 2015

Energy Assets Group has bought gas meter manager SA Gas Engineers Ltd.

The deal, which is worth up to £4.9million, represents a milestone for SA Gas; giving the company the support it needs in order to further develop the business.

Livingston-based EAG has agreed to pay £3.4 million in cash for the Nottinghamshire-based company along with £1 million in shares and a further £0.5 million to be paid if profit targets are met.

SA Gas Engineers has expertise in all types of industry and commercial gas related engineering projects.