SSE Airtricity acquires 50% of Fusion Heating
SSE Airtricity has entered into an agreement to acquire 50 per cent of Fusion Heating Ltd., one of the leading energy services contractors in Northern Ireland.
Fusion Heating has been in business for over 10 years and employs almost 70 people working out of its base at Castlereagh, Co. Down, including gas engineers, plumbers, electricians and joiners.
Fusion works with both private and public sector customers to install, service and repair gas and oil central heating boilers and systems. The company also offers full domestic electrical contracting services, and is also involved in the supply and fit-out of bathrooms.
In 2013 Fusion Heating was selected to work as SSE Airtricity’s delivery partner for its growing SSE Airtricity Energy Services brand. The acquisition by SSE Airtricity of 50 per cent of Fusion Heating complements and enhances SSE Airtricity's services in the competitive energy markets for home and business customers, and further cements the company’s position as a leading provider of energy services.
As part of the agreement, the existing Fusion Heating management team will continue to lead the business.
David Manning, Director of Home Energy at SSE Airtricity, said:
“We are proud of our position as Northern Ireland’s leading provider of natural gas and the growth we have experienced since 2013 through our SSE Airtricity Energy Services brand. The experienced team at Fusion Heating has played an invaluable role in supporting that growth, and this acquisition by SSE Airtricity of 50 per cent of Fusion Heating demonstrates the strength of our partnership so far. That partnership has been built on our shared values, including a commitment to safety, delivering value for money for customers, and providing outstanding customer service at all times. Those values will continue to underpin the way we work at SSE Airtricity and Fusion, as our two teams work together to grow our business in the years to come.”
Bill Cherry, Managing Director of Fusion Heating, said:
“Having worked as the delivery partner for SSE Airtricity Energy Services in Northern Ireland for the past couple of years, we realised how closely our Fusion Heating values aligned to those of SSE Airtricity. Having SSE Airtricity purchase shares in Fusion Heating makes sense for our staff and our customers. Through this new partnership we will develop new, distinctive and unique customer offerings, opening up huge growth possibilities for Fusion and for SSE Airtricity. We are very excited about the future and the potential for further growth.”
SSE Airtricity is already the market-leading supplier of natural gas in Northern Ireland and the second largest electricity provider in the market. In addition to supplying gas to customers in the Greater Belfast natural gas network, SSE Airtricity also operates in the Ten Towns gas supply network and has been named as the commissioning supplier for the new Gas to the West network, currently being developed.