ECI has invested in a minority shareholding in Clarke Energy in a deal aimed at extending the energy business’ operations in markets including China, India and Australia.
Clarke Energy currently uses GE’s Jenbacher gas engines to provide what it calls ‘clean’ energy sources.
The business has 700 people employed worldwide and reported a turnover of £201 million for the year to date 31 October 2011.
It has provided engines for installations such as Guys & St Thomas’ Hospital, The Shard building in London and the King’s Cross Development.
Jim Clarke, chairman of Clarke Energy, comments, ‘ECI have a proven track record investing in ambitious, high-growth companies.’
According to Clarke Energy, its new investment will allow it to expand in markets such as Nigeria, Algeria and New Zealand to capitalise on growth drivers such as a need for cheaper energy, desire to reduce carbon emissions and demand for reliable power supplies.
Under the terms of the undisclosed minority investment John Hayhurst, director at ECI, will take a non-executive board position.
Hayhurst adds, ‘Clarke Energy is a tremendous UK success story. From a base in Knowsley [Liverpool] the company has achieved tremendous international expansion.
‘We have been impressed by the client-focused culture within the business and its strong record of growth.’