Power engineering contractor takeover will strengthen offer in North East
Utility services contractor Ipsum has made its 10th acquisition after buying Middlesborough-based Matrix Power to expand its offer in the north east of England.
Matrix Power has a dedicated inhouse workforce of commissioning engineers, field technicians, cable jointers and cable installers that will build on Ipsum’s existing expertise in the region.
The acquisition strengthens capabilities in high voltage electrical power systems including design, equipment installation, cable installation and jointing, preventative maintenance and repairs.
Matrix also brings specialist expertise in the design, installation & commissioning of DC & Light Rail traction power systems.
Andrew Cowan, CEO at Ipsum, said: “It’s an exciting period at Ipsum and in the utilities sector generally. The addition of Matrix Power’s expertise will allow us to expand our existing footprint in the northeast and broaden our availability across the north of England and Scotland.”
Ipsum is a leading provider of engineering services in the power, water, infrastructure and telecoms sectors.
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