Acquisition of PWR-X Ltd

Summary by AI ^BETAClose X

Renew Holdings plc, through its subsidiary Excalon Limited, has acquired PWR-X Ltd for a total consideration of £1.1 million on a cash and debt free basis, enhancing its capabilities in the high voltage power market with specialist cable jointing services. The initial cash payment of £0.75 million was funded from existing banking facilities, and Renew continues to explore further strategic acquisitions.

Disclaimer*

Renew Holdings PLC

11 May 2026

Renew Holdings plc

("Renew" or the "Group")

Acquisition of PWR-X Ltd

Renew enhances its capabilities in the high voltage power market

Renew (AIM: RNWH), the leading Engineering Services Group supporting the maintenance and renewal of critical UK infrastructure, is pleased to announce that its wholly owned subsidiary, Excalon Limited ("Excalon"), has acquired PWR-X Ltd ("PWR-X") for a total consideration of £1.1m on a cash and debt free basis.

PWR-X is a provider of specialist cable jointing services to the power industry. This acquisition represents a strong strategic fit expanding Excalon's capabilities and enhancing its offering in the high voltage power market.

The initial cash consideration of £0.75m has been funded from the Group's existing banking facilities. The Group continues to evaluate, in line with its strategy, a pipeline of further acquisitions.

ENDS

For further information, please contact:

Renew Holdings plc	www.renewholdings.com
Paul Scott, Chief Executive Officer	via FTI Consulting
Sean Wyndham-Quin, Chief Financial Officer	020 3727 1000


Deutsche Numis (Nominated Adviser and Joint Broker)	020 7260 1000
Stuart Skinner / Kevin Cruickshank / Will Wickham


Peel Hunt LLP (Joint Broker)	020 7418 8900
Ed Allsopp / Charlotte Sutcliffe


FTI Consulting (Financial PR)	020 3727 1000
Alex Beagley / Amy Goldup / Matthew Young / Harleena Chana	Renew@fticonsulting.com

About Renew Holdings plc

Renew is a leading UK Engineering Services business, performing a critical role in keeping the nation's infrastructure functioning efficiently and safely. The Group operates through independently branded subsidiaries across its chosen markets, delivering non-discretionary maintenance and renewal tasks through its highly skilled, directly employed workforce.

Renew's activities are focused on Engineering Services in the key markets of Rail, Infrastructure, Energy (including Wind and Nuclear) and Environmental which are largely governed by regulation and benefit from non-discretionary spend with long-term visibility of committed funding.

For more information please visit the Renew Holdings plc website: www.renewholdings.com

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