A Chester-based electrical engineering firm has announced a new acquisition.
EA Technology, a global leader in data-driven solutions for electrical networks, has purchased Fundamentals Ltd, the UK’s premier provider of voltage control solutions.
The company says it is a ‘bold first step’ in its strategy to provide grid-edge technologies and deliver intelligent end-to-end grid solutions.
Backed by Summa Equity, EA Technology is spearheading the shift to a software-first, platform-led model, integrating best-in-class hardware and software solutions.
The UK’s voltage control market is expected to double to £65 million by 2030, driven by Ofgem’s ED3 Smart Networks regime and net-zero investment incentives.
Together, EA Technology and Fundamentals aim to offer customers a seamless, integrated solution, from primary substations to low-voltage feeders.
Amanda Mesler, executive chair of EA Technology, said: “Having the Fundamentals brand and expertise in our portfolio enhances our value proposition to customers, builds our innovation pipeline, and strengthens our capability to help drive the global energy transition.”
Jon Hiscock, CEO at Fundamentals, said, “We are delighted to have reached agreement with EA Technology for the purchase of the business. Like ourselves, EA Technology helps tackle some of the sector’s biggest challenges.
“Not only does this deal strengthen the UK’s engineering capability and supply chain, it demonstrates that voltage management is becoming a global issue as we connect more EVs and Solar PV to the grid.
For the full story, see Chester Standard