Renew subsidiary Excalon acquires PWR-X for £1.1m.
Renew Holdings said on Monday that its Excalon subsidiary had acquired PWR-X for £1.1m, expanding its capabilities in the high-voltage power market.
Renew Holdings
11 May 2026 13:14:13
Source: Sharecast
The AIM-traded engineering services group, which focuses on the maintenance and renewal of critical UK infrastructure, said PWR-X provided specialist cable jointing services to the power industry.
Renew said the acquisition represented a strong strategic fit, broadening Excalon’s capabilities and enhancing its offering in the high-voltage power market.
The total consideration was £1.1m on a cash-free, debt-free basis, including an initial cash payment of £0.75m funded from Renew’s existing banking facilities.
The company said it continued to evaluate a pipeline of further acquisitions in line with its strategy.
At 1256 BST, shares in Renew Holdings were down 0.65% at 912p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
N/A
ISIN:
N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes
Compare our accounts
If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
