Multitech Site Services Acquired by Swedish Engineering Group SDIPTECHNews
Posted by: electime 5th January 2018
Multitech has joined international engineering group SDIPTECH in an agreement signed on 29th December 2017.
Formed in 1998 by Guy and Samantha Scilly, Multitech Site Services is an award winning temporary site services company that supplies many of the largest UK construction and development businesses with temporary electrics, lighting, plumbing and complimentary site services.
The Multitech head office is in Great Dunmow and Northamptonshire office in Wellingborough. Multi tech is fully accredited and employs 130 electricians, plumbers and office staff and operate a fleet of vehicles.
Guy Scilly, MD, at Multitech Site Services said: “I am very pleased to welcome the SDIPTECH group as the new owners of Multitech. I like their business philosophy, that we retain complete operational control, the shared values that we hold and the fact that their acquisition preserves not just the Multitech business, but also our workforce who have contributed so significantly to our success. I am in no doubt that SDIPTECH’s expertise and network will enable further growth for Multitech going forward. Having SDIPTECH as a parent company not only improves our position today, but secures all of our tomorrows.”
Jakob Holm, CEO, at SDIPTECH added: “Multitech has delivered successful projects for many years in temporary infrastructure. The company’s focus correlates very well with SDIPTECH’s, with a good mix of construction industry clients that are engaged in both public and private sector work. With the acquisition of Multitech, we take an additional step in our strategy to expand in London and the UK.”
Business as usual for Multitech
Multitech Site Services will continue to be a family run business with Guy Scilly remaining as managing director and Samantha Scilly as financial director; David Rooney also remains in his role as operations director.
The Multitech Management teams and workforce also remain unchanged, as will the temporary site services it provides.
Multitech were one of 300 European companies initially contacted by SDIPTECH in 2017, and one of only 6 that met their criteria and were acquired
Swedish firm SDIPTECH acquires niche engineering businesses that contribute to urban infrastructure. Its annual profits through acquisitions reached £12M in 2017.