Major UK AD operator bought by Biogen
Biogen has announced the acquisition of Tamar Energy, one of the largest anaerobic digestion owners and operators in the UK. According to a statement from Biogen, the acquisition has created one of the largest independent anaerobic digestion platforms in the country.
The combined group operates 13 AD plants and six composting sites across England, Scotland and Wales, combining a range of food and organic waste management solutions. The AD sites work with supermarkets, the hospitality industry, food manufacturers and local authorities to recycle over half a million tonnes of food waste each year and generate 25mW of green electricity.
Biogen is a portfolio company of Ancala Partners, a mid-market infrastructure investment manager.
“The acquisition of Tamar Energy represents a significant opportunity to create a best-in-class anaerobic digestion business”, said Adam Feneley, managing director of Biogen.
“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.”
Meanwhile, Magnus Goodlad, Tamar Energy’s chairman, said: “We believe that there is a strong strategic fit between Biogen and Tamar which will eneable the enlarged group to deliver significant benefits for existing clients and stakeholders.”