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Sunny times for RAME
Jul 15, 2014

Rame Energy plc (Rame), the international energy consultant, engineer and power generator, has announced its acquisition of Beco Ltd (Beco), one of the UK’s longest established designers and installers of solar energy systems. The acquisition complements and strengthens Rame’s established international energy consultancy business, which supplies power generation solutions to the industrial, mining and utility sectors.

Leading audit, tax and advisory firm Crowe Clark Whitehill’s transaction support team provided financial due diligence support to Rame, led by Robin Stevens and Chulanga Jayawardana.

Chulanga Jayawardana, Corporate Finance Director at Crowe Clark Whitehill said:

“We are very pleased to have supported the management team with the acquisition of Beco, having recently worked with Rame on its IPO. The Group is going through an exciting phase, achieving strategic developments in both the UK and Chile. We look forward to providing continued support to Rame on its corporate objectives.”

Tim Adams, CEO of Rame commented:

“Having collaborated with Beco on a number of solar opportunities over the past five years, we are delighted to have agreed the acquisition and to welcome its multi-skilled team into the Group. Beco’s proven expertise in both grid connected and off-grid solar power projects, and the synergies between our groups, will allow Rame to substantially expand our solar power activities worldwide, and also strengthen our engineering division’s capability to deliver cost effective and reliable power solutions to blue chip customers around the world. As well as the potential to increase turnover and profits at Rame’s engineering division, the acquisition of Beco will support the opportunity we have identified to develop solar power projects as an Independent Power Producer, similar to the wind power projects we are constructing in Chile, where the first two of a multi-project 300MW three-year programme are due to come on stream later this year.”

View our recent corporate finance deals.