Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Travis Perkins buys green heating firm for £8m

Travis Perkins has acquired one of the fastest growing renewable energy distribution specialists Solfex Energy Systems for £8 million.

Its divisions include solar power, under floor heating and heat pumps.

Initial cash consideration was £8m with further amounts due depending on performance.

Solfex was formed in 2006 by Stuart and Susan Cooper and operates as an integrator of renewable energy systems, using its distribution platform to integrate and supply components to the UK’s renewable companies.

Solfex has generated a cumulative annual revenue growth rate of 179% over the past three years, and in December 2012, was listed as the UK’s fifth fastest growing private company in the Sunday Times Virgin Fast Track 100. 

Solfex achieved revenues of £21.9m and an operating profit of £2.2m in the last financial year. 

Travis Perkins chief executive Geoff Cooper said: “Solfex is a valuable addition to the plumbing and heating division of the Travis Perkins Group. 

“Our strategy of offering our customers an integrated approach to energy efficient building will be greatly enhanced by the market leading proposition created by the Solfex team.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.