Future of award-winning firm is secured after acquisition is announced
PUBLISHED: 07:40 18 January 2018 | UPDATED: 07:40 18 January 2018
The Dunmow company, Multitech has joined international engineering group SDIPTECH, based in Stockholm.
Multitech were one of 300 European companies initially contacted by SDIPTECH in 2017, and one of only six that met their criteria and were acquired.
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 on the Flitch Estate, in Great Dunmow, and with a Northamptonshire office in Wellingborough.
Multitech employs 130 electricians, plumbers and office staff and operates a fleet of vehicles.
Mr Scilly said: “We retain complete operational control. I like the SDIPTECH business philosophy, 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 our tomorrows.”
Jakob Holm, chief executive of SDIPTECH, said: “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 the UK.”
Multitech Site Services will continue to be a family-run business with Guy Scilly as managing director and Samantha Scilly as financial director. David Rooney also remains in his role as operations director.
SDIPTECH is listed on the Baltic NASDAQ. The group acquires niche engineering businesses that contribute to urban infrastructure.
Operations are conducted according to a decentralised model. Each individual business has its own deep niche (Multitech’s being temporary site services) and autonomy to develop its offering.