Trading under the Somar brand name and with over 20 years’ experience, Somar has a customer base that includes Coca Cola, Bunzl, GSK, Nestle, Ford, GKN, Peugeot and Carlsberg, with each enjoying average annual energy reductions of around 74%, with paybacks typically achieved within nine to 18 months.
With the acquisition, Mark Group hopes to not only broaden its existing commercial client base, but also foster new relationships and drive the energy saving sector forward.
Somar managing director, Ian Hambly commented, “Mark Group is a well run, ambitious and entrepreneurial business with established market share of the energy saving sector across the UK, Australia, New Zealand and North America. This acquisition is a perfect fit for Somar – it combines microgeneration technologies such as solar power, with energy efficiency solutions such as intelligent lighting and motor controls.
“Furthermore, Somar’s extensive experience in exporting solutions around the world supports Mark Group’s increasing international aspirations – opening new trading routes, helping both brands expand further.”
Mark Group CEO, Lee Cottingham, added, “We have our eyes firmly fixed on the future and while a great many opportunities are continuing to grow within the residential sector for both energy saving and energy generating solutions, we also have the expertise and the client base from which to grow in the commercial sector. Our acquisition of Somar is a significant step along that path.”