Falmouth-based energy saving solutions company Somar International has been acquired by the Mark Group.
Somar provides solutions to industrial and commercial clients such Coca Cola, Bunzl, Nestle and Peugeot.
Somar MD Ian Hambly, who will now report to Mark Group chief commercial officer Bill Rumble, explained: “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.”
Mark Group operates from over 30 service distribution centres worldwide, employing approximately 2,500 personnel.
Financial terms were not disclosed.
