Biogen grows network with acquisition of Tamar Energy
Biogen has expanded its food waste recycling network through the acquisition of Tamar Energy, one of the largest anaerobic digestion (AD) owners and operators in the UK, for an undisclosed sum.
Biogen has expanded its food waste recycling network through the acquisition of Tamar Energy, one of the largest anaerobic digestion (AD) owners and operators in the UK. The acquisition was completed by Ancala Partners LLP, the independent mid-market infrastructure investment manager for an undisclosed sum. A number of Tamar Energy's existing shareholders have rolled-over their investment into the combined group. The acquisition creates one of the largest independent AD operators in the UK.
The combined group operates a network of thirteen AD plants and six composting sites located across England, Scotland and Wales that provide cost-effective, low carbon, food and organic waste management solutions. Working with supermarkets, the hospitality industry, food manufacturers and local authorities across the UK, the AD sites recycle over half a million tonnes of food waste each year and provide green electricity generation of 25MW.
Spence Clunie, Managing Partner, Ancala Partners LLP, commented:
“Acquiring Tamar Energy represents an opportunity for us to grow our platform and create one of the largest AD operators in the UK. The combination enables us to improve our service to all stakeholders, including customers and local communities.”
Adam Feneley, Managing Director, Biogen, commented:
“The acquisition of Tamar Energy represents a significant opportunity to create a best-in-class anaerobic digestion business. With the support of Ancala, I look forward to a future of continued growth and investment in the Biogen platform. I firmly believe that this acquisition will provide all customers and stakeholders with an enhanced service.”
Magnus Goodlad, Chairman, Tamar Energy, commented:
“We believe that there is a strong strategic fit between Biogen and Tamar which will enable the enlarged group to deliver significant benefits for existing clients and stakeholders.”