Leading energy efficiency company, Mark Group has announced its expansion into providing energy efficiency solutions for the industrial and commercial sector, with the acquisition of Somar International Ltd.
The acquisition by the international energy saving installer has secured jobs at Somar’s new base at the Innovation Centre, Nr Falmouth in Cornwall, and sees existing Managing Director, Ian Hambly now report directly in to Group Chief Commercial Officer, Bill Rumble.
Trading under the respected Somar brand name and with over 20 years’ experience, Somar boasts an international customer base to rival any competitor in its sector. Such companies as Coca Cola, Bunzl, GSK, Nestle, Ford, GKN, Peugeot and Carlsberg are included in its portfolio, each enjoying average annual energy reductions of around 74%, with paybacks typically achieved within nine to 18 months. With the acquisition, Mark Group hopes to not only broaden its existing commercial client base, but also foster new relationships and drive the energy saving sector forward.
Somar Managing Director, Ian Hambly said: "Mark Group is a well run, ambitious and entrepreneurial business with established market share of the energy saving sector across the UK, Australia, New Zealand and North America. This acquisition is a perfect fit for Somar; it combines microgeneration technologies such as solar power with energy efficiency solutions such as intelligent lighting and motor controls.
"Furthermore, Somar’s extensive experience in exporting solutions around the world supports Mark Group’s increasing international aspirations – opening new trading routes, helping both brands expand further."
Mark Group CEO, Lee Cottingham, added: "We have our eyes firmly fixed on the future and while a great many opportunities are continuing to grow within the residential sector for both energy saving and energy generating solutions, we also have the expertise and the client base from which to grow in the commercial sector. Our acquisition of Somar is a significant step along that path."
Mark Group is a world leader in energy saving solutions. Operating from over 30 service distribution centres worldwide and employing approximately 2,500 personnel, the company installs energy saving and energy generating measures into around 7,000 homes, schools and businesses every week.