FUNDAMENTALS LTD ACQUIRES FERRANTI TAPCHANGERS LTD
Fundamentals Ltd has strengthened its position in the field of electrical power engineering with the acquisition of Ferranti Tapchangers Ltd and Ferranti Engineering Ltd. This follows a successful collaboration between the companies for tapchanger support and maintenance to transmission and distribution network operators. Ferranti will continue to deliver genuine branded parts, service, maintenance and technical support as part of the Fundamentals ‘Total Tapchanger Solutions’ offering. The acquisition represents significant opportunities for Fundamentals Ltd to make further progress on its ambitious growth objectives.
Fundamentals Ltd Managing Director Jon Hiscock said:
“We are delighted to welcome our new colleagues at Ferranti. They provide vital services to grid owners and operators in the UK and abroad and we look forward to making the most of the clear synergies between us. We are very proud to take on a company with a great legacy and technology which has stood the test of time. There is clear excitement and appetite for taking the technology forwards and for Fundamentals to be able to offer a more comprehensive range of products and services to customers.”
Ferranti Directors, Bert Barton and Normal Lees, added:
“We too are delighted to have been acquired by such a forward-looking company who will be continuing the name of Ferranti in power engineering. We wish the new team every success in the future and we are sure that this marriage will bring forth many new benefits for the industry.”