Demolition specialist John F Hunt Group has bought Morris Machinery in a deal struck in Japan, which saw it acquire the latter’s exclusive rights to sell Denyo products in the UK.
The company said it had made the purchase from the Morris family for an undisclosed sum, although chief executive Chris Morris will stay.
All staff will be retained, but the business will be relocated to Shrewsbury, Shropshire, following the acquisition.
Managing director of John F Hunt Power David Hunt said: “This was a natural fit for us to further diversify the business. Denyo are considered by many to be the Rolls-Royce of the generator industry.”
Hunt said the deal would provide exclusive access to Denyo’s research and development work on hydrogen-fuel cells and dual-fuel power systems.
The company plans to expand the Morris Machinery’s generator business with solar- and hydrogen-powered options.
John F Hunt was among several companies that admitted involvement in bid-rigging following a probe by the Competition and Markets Authority into demolition tenders.