Specialist decommissioning, decontamination, dismantling and demolition consultancy RVA Group has been acquired by Prague based Energetický a průmyslový holding (EPH) via its wholly owned subsidiary EP UK Investments.
The amount paid for RVA has not been disclosed.
Managing director Richard Vann founded RVA in 1992 and the company has gone on to complete more than 700 projects worldwide for major international blue chip brands.
EP UK Investments has now acquired RVA’s full share capital including its wholly owned subsidiaries RVA Consulting Engineers and RVA Engineering Solutions.
However, RVA said that whilst this may represent a key strategic move for the company, operationally little will change.
Richard, who will stay in his role, said: “At the end of 2016, we commenced a ‘fit for future’ programme which saw the recruitment of additional key personnel and the creation of further structure within our team. A significant investment was also ploughed into new cloud technology throughout the business, to increase the flexibility, security and continuity of our work.
“It was all about preparing RVA for the next 25 years and it is great that, in line with this succession planning strategy, an ideal window of opportunity has already opened up for us.”
“In practice, it’s business as usual. I personally have many more goals to fulfil for the company, and I see EP UK Investment’s acquisition of RVA bringing these well within reach in the near future.”
EPH has a comprehensive portfolio of power and energy assets worldwide and decommissioning manager Robert Bundil said: “We have worked with RVA people on a couple of projects and know they are excellent professionals who bring high value to their clients.
“Having RVA on board gives us absolute confidence that we will be capable to carry out our decommissioning duties in a safe and professional manner.”