Murphy has bought Carillion’s UK power business for an undisclosed fee, less than a month after the collapse of the construction giant.
The London-based contractor agreed the deal to take over Carillion’s position on a number of National Grid framework contracts covering the installation of overhead lines, underground cables and substations.
As part of the deal, all Carillion employees working in its power business will move over to Murphy and add design and installation capabilities to the firm’s power business.
The acquisition will give Murphy the opportunity to deliver planned replacement and refurbishment schemes on National Grid’s 33 kV and 400 kV transmission network across England and Wales.
This will include work on the multi-million-pound overhead line from Richborough to Canterbury, which will connect to the Nemo Link interconnector between Belgium and the UK.
The move will also see Murphy become joint venture partner of Swedish-based power firm Eltel on National Grid’s overhead line and T Pylon installation framework.
This is the second acquisition of one of Carillion’s businesses this week after insurer Fairfax took over the company’s Canadian business on Monday.
It is also the first significant move by Murphy’s new CEO John Murphy (pictured), who took over from former boss Steve Hollingshead last month.
Mr Murphy said: “This represents an excellent strategic fit for the business, allowing us to bring a full range of services across the power sector for our customers both in the UK and internationally.”