Investment company Svella, which acquires distressed and underperforming businesses, has bought four divisions of nmcn out of administration, saving 680 jobs.
Svella has acquired nmcn’s telecoms, plant hire, transport and accommodation business divisions.
The deal will enable the telecoms division to continue servicing customer contracts, including telecoms infrastructure services for BT, Virgin Media and CityFibre.
Acquisition of the plant hire, transport and accommodation businesses, which include a fleet of plant, machinery, vehicles, mobile offices and welfare units will allow Svella to ensure the telecoms business has access to the assets it needs to trade as a going concern.
Register for free and continue reading
This is not a paywall. Registration allows us to enhance your experience across Construction Management and ensure we deliver you quality editorial content.
Registering also means you can manage your own CPDs, comments, newsletter sign-ups and privacy settings.
