Firmus Energy has sold the gas supply section of its business, Firmus Energy Ltd, to the Yuno Group and has said that it will now focus on connecting customers to the gas grid.
In welcoming the announcement, Niall Martindale, CEO of Firmus Energy Ltd. said: “We are very proud of the gas supply business which has been built over the last 19 years and we are grateful for the loyalty which customers have shown to us over that time. The supply business is now ready to stand alone, and we are confident it will go from strength to strength under the new ownership of Yuno Group, following tremendous growth under its tenure with Equitix.
The gas network business, Firmus Energy Ltd. will continue to own and operate the ‘Ten Towns’ gas network in Northern Ireland. Firmus energy Ltd. will continue to focus on connecting customers to the gas grid, and enabling the injection of locally produced renewable gases, such as biomethane, into the network.
Equitix COO, Sion Jones said: “We’re delighted to be handing over the Firmus Energy supply business to Yuno Group, who we believe will continue to grow the business. The partnership between Equitix and firmus has achieved incredible outcomes in the last five years and we’re proud to have been participants in Firmus’ story of growth while delivering critical infrastructure across the UK.”