High voltage specialist Excalon acquired by Renew Holdings in deal worth up to £26m

A specialist in high voltage power infrastructure has been acquired by engineering services group Renew Holdings in a deal worth up to £26m.

Salford-based Excalon Holdings provides high voltage and extra high voltage equipment to the UK electricity sector, with services ranging from substation building and cable installation to the resurfacing and traffic management services needed to get work done.

Excalon has a number of long-term frameworks with electricity Distribution Network Operators in the UK. That market is regulated by Ofgem and operates in five-year funding cycles, giving businesses in the sector the ability to plan for the medium and long terms.

GENERAL ELECTION: Take our BusinessLive North West election survey

READ MORE: The Manchester team setting off lightning to keep our lights on