Friday, June 5, 2020

Newark firm sold after parent company slips into administration

Enverity, a Newark-based materials testing specialist, has been acquired by Derby’s CET.

The deal follows news in January of Enverity’s parent company Hawk Plant falling into administration.

CET said the deal allows it to “add additional resources and more testing facilities to its national Infrastructure division”.

“We’re delighted to have the team at Enverity on-board and I have no doubt that their skills and knowledge will be a great asset to CET,” said CET CEO Peter Eglinton.

“We’re looking forward to working with Enverity to broaden the services that we can offer our Construction industry clients, and in continuing to be able to expand our geographical reach.”

The acquisition comes just a few months after Palatine Private Equity took a majority stake in CET.

With the support of Palatine, CET’s strategy will continue to draw upon the strengthening of its offering, both organically and through acquisition.

Mr Eglinton added: “The last few months have been a really exciting time for CET, and there’s still more in store in 2019. We pride ourselves on our innovative use of technology and our quick and accurate services to clients.

“Enverity undoubtedly aligns with our vision at CET and I look forward to working with them moving forwards.”

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