ICEL acquired by BOUYGUES

ICEL Power Systems acquired by French multinational Bouygues

I.C.E.L. Power Systems Ltd, a leading UK-based provider of power solutions, has been acquired by the French construction giant Bouygues in a deal for an undisclosed sum.

The acquisition marks a new chapter for ICEL, a company that has been a trusted name in the power systems industry since its founding in Maidstone, Kent, in 1977.

A legacy of power solutions

ICEL Power Systems specializes in the supply, installation, and servicing of generators and uninterruptible power supply (UPS) systems, catering to a wide range of industries. Over the years, ICEL has built a strong reputation for delivering reliable power solutions, making it an attractive target for acquisition.

In the year of the acquisition, ICEL posted an impressive £7 million turnover and an operating profit of £325,000, employing 120 dedicated staff. The company’s founders and shareholders—Dan Osborne, John Mace, and Anthony Day—were advised by Mark Sapsford during complex negotiations that led to the successful sale of 100% of the business to Bouygues.

A strategic fit with Bouygues

Following the acquisition, ICEL Power Systems will now form part of Bouygues’ electricity and maintenance division, ETDE, which specializes in facilities management and electrical infrastructure. This includes managing public building facilities and street lighting across various London boroughs.

The integration of ICEL into Bouygues is seen as a strategic move to strengthen the French multinational’s capabilities in power systems and energy infrastructure. ICEL's expertise in generators and UPS systems aligns perfectly with Bouygues' commitment to delivering robust power solutions across its global network.

Looking to the future

The acquisition promises exciting growth opportunities for ICEL Power Systems, with Bouygues providing significant resources to enhance its services and expand its operations. For the 120-strong ICEL team, the transition offers new prospects as they become part of a larger multinational company, while continuing to deliver the high-quality power solutions that have defined the business for nearly five decades.

As Bouygues' ETDE division takes on ICEL's portfolio, clients can expect continued reliability and excellence in service, with the backing of a global construction and energy services leader.

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