Electrical contractor extends eastwards with acquisition of King’s Lyn-based Anglia Electrical Services.

Electrical engineer and contractor T. Clarke has acquired Anglia Electrical Services for £2.1m. The purchase of Norfolk-based electrical contractor AES is T. Clarke’s eighth recent acquisition.

T. Clark will issue 76,147 new shares to raise £400,000 towards the purchase of AES, which reported a turnover of £2.35m and pre-tax profit of £762,000 in the year to October 2003. Net assets of the firm, which operates in Lincolnshire and East Anglia, were valued at £925,000.

Pat Stanborough, chief executive of T. Clark said: “This acquisition shows our commitment to broadening the coverage of our regional operations. We only acquire companies with strong local reputations and this acquisition fits our criteria perfectly.”