Powertek

Acquirer: TSG UK

Powertek has been acquired by TSG UK in a transaction aimed at accelerating expansion plans in the utility services sector.\nSummary of transaction details:\n\nValue: Not disclosed\nSector: Industrials & Energy\nAdvisor: Not disclosed\nKey Entities: Powertek, TSG UK\nLocation: Paisley, Scotland / Dundee, Scotland\n\nNote: The acquisition combines Powertek's expertise in electric grid connections, EV charging and gas network upgrades with TSG UK's sustainable mobility technical services to accelerate expansion and market reach.

Acquirer: TSG UK Solutions

Powertek, a fast-growing provider of EPC services, has been sold to TSG UK Solutions in a transaction designed to accelerate expansion plans. Summary of transaction details: Value: Not Disclosed Sector: Industrials & Energy Advisor: KBS Corporate Key Entities: Powertek, TSG UK Solutions Location: UK Note: The acquisition is expected to strengthen TSG's Charge & Power segment in the UK and provide high-value capabilities to address the rising demand in electrification and infrastructure upgrades.