Chesterfield-based utility management company snapped up for £10m

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A Chesterfield utility management firm has been bought by another company in the same sector for £10m.

Sheffield Road-based t-mac Technologies was acquired by Utilitywise PLC, one of the UK’s leading independent utility cost management consultancy companies.

Both firms offer energy efficiency solutions to businesses and the deal will see Utilitywise integrate t-mac’s real-time energy management software into its utility management plan.

Company bosses say the enhanced utility management plan aims to ‘cover all aspects of a customer’s interaction with utilities provision from procurement to management, monitoring, and reduction of electricity, gas and water.’

Geoff Thompson, chief executive officer of Utilitywise PLC, said: “We know that our customers are increasingly looking for rapid impact, cost-effective services that provide them with more control over their electricity, gas and water usage, to help drive their business efficiency agenda as well as mitigate against future price volatility. This acquisition continues to expand our broad range of services that address the breadth of our customers’ energy needs.”

He added the acquisition of t-mac Technologies will ‘play a major role in helping us to deliver significant added-value services and develop closer, more profitable relationships with customers.’

Lisa Gingell and Jonathan Wilkinson, who both run t-mac Technologies, are taking a material proportion of their consideration in Utilitywise equity.