Powertek

Powertek, a fast-growing provider of EPC services, has been sold to TSG UK Solutions in a transaction designed to accelerate expansion plans and strengthen TSG's Charge & Power segment in the UK.

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 provide high-value capabilities to address the rising demand in electrification and infrastructure upgrades, and contribute to TSG's aim to provide high-quality, multi-energy solutions across the UK.