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November 2016

Horizon Energy Subsidiary Horizon Services Acquires Gisborne Based Electrinet

On 16 November 2016, Horizon Services Limited entered into an agreement to purchase the business and assets of Electrinet Limited, subject to certain conditions being met.

Horizon Services Limited is a wholly owned subsidiary of Horizon Energy Distribution Limited, and is part of the Horizon Energy Group with assets in excess of $180m. Information regarding Horizon Services Limited and the Horizon Energy Group are available at: www.horizonenergy.net.nz 

Horizon Energy Group Chief Executive, Ajay Anand says “The acquisition of the business and assets of Electrinet Limited is part of the Group’s strategy to expand within the electrical servicing and contracting sector, complementing the operations in Auckland, Whakatane, and Tauranga and further complementing the Group’s national mechanical contracting and refrigeration operations”. 

Following completion of conditions, effective from Thursday 1 December 2016, the operations of Electrinet Limited will become a trading division of Horizon Services Limited, and will continue to trade as Electrinet. All staff and management previously employed by Electrinet Limited have transferred over to Horizon Services Limited. 

“I am pleased to advise that we have retained the services of Barry Atkinson as Regional Manager and Stewart Blair as Operations Manager who will ensure a smooth transition and be part of the business going forward. The Electrinet business will continue to be led by Barry Atkinson and the existing management team who will work closely with the other divisions within the Group to offer increased scale and expertise within the electrical sector both regionally and nationally” says Horizon Energy Group Chief Executive Ajay Anand. 

For further information contact: 
Ajay Anand 
Group Chief Executive
Horizon Energy Distribution Limited
(07) 306 2900 


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