Power Electrics is Proudly Employee Owned
Power Electrics is proud to announce its transition from privately owned to an Employee Ownership Trust (EOT). This exciting development marks a significant milestone in the company’s long-standing commitment to its people, customers and suppliers.
Effective immediately, Power Electrics will be fully owned by its employees through the EOT structure. This will position the company for continued success and growth while safeguarding its core values, brand reputation and culture.
This move to employee ownership ensures that Power Electrics’ most valuable asset – its people – are at the heart of the company’s future. The transition provides employees with a stable and resilient future at Power Electrics and will help the company continue to grow.
"Our employees have always been the driving force behind Power Electrics’ success. By becoming an employee-owned business, we are creating a more secure future for everyone in the company. This step not only rewards the dedication of our employees but also inspires greater innovation and commitment moving forward."
Power Electrics’ customers will continue to receive the same great service they have come to rely on. The shift to employee ownership enhances our ability to meet and exceed customer expectations with an even more dedicated workforce.
The decision to transfer ownership to an Employee Ownership Trust reflects Power Electrics’ long-term vision of growth, sustainability and innovation. This guarantees continuity, with the same leadership team overseeing the company’s operations, while empowering employees to play an active role in shaping the business's future.
By securing the future of the business under employee ownership, the company is well-positioned to continue leading the way in the temporary power industry, providing sustainable, cutting-edge solutions for its customers.
The shareholders of Power Electrics were advised on the transition to employee ownership by Osborne Clarke LLP and KPMG Corporate Finance
Michael Carter of Osborne Clarke LLP, commented
"We were delighted to be part of helping Power Electrics move to become owned by the EOT and secure the future for all stakeholders in Power Electrics."
