The Scottish and Southern Energy (SSE) Contracting Group has sold Thermal Transfer, its specialist service provider to the biotech and pharmaceutical industries, to ETDE for £20 million.

Adrian Pike, group managing director of the SSE Contracting Group, said: " We have decided to leave the turnkey design and build market. The sale will allow our contracting business, Southern Electric Contracting, to continue to develop its core mechanical and electrical capability."

ETDE is the m&e contracting, utility networks and facilities management arm of French-owned Bouygues Construction.

Since 2001, ETDE has pursued an acquisition strategy, more than doubling turnover to one billion euro in 2005.

Source

Electrical and Mechanical Contractor