Biogen has acquired Tamar Energy for an undisclosed sum, creating one of the largest independent anaerobic digestion (AD) operators in the UK.
The combined group operates a network of 13 AD plants and six composting sites across England, Scotland and Wales that provide food and organic waste management solutions. The AD sites recycle more than half a million tonnes a year of food waste and generate 25MW of electricity.
In 2017 Ancala Bioenergy – an infrastructure investment vehicle managed by Ancala Partners – acquired Biogen for an undisclosed sum from joint venture shareholders Bedfordia Group and Kier Group. At the time, Ancala said the acquisition would mean further growth opportunities for Biogen and an established platform for Ancala’s expansion in the energy-from-waste sector.
Adam Feneley, Biogen managing director, said: “The acquisition of Tamar Energy represents a significant opportunity to create a best-in-class AD business. With the support of Ancala, I look forward to a future of continued growth and investment in the Biogen platform. I firmly believe that this acquisition will provide all customers and stakeholders with an enhanced service.”
Magnus Goodlad, Tamar Energy chairman, added: “We believe there is a strong strategic fit between Biogen and Tamar which will enable the enlarged group to deliver significant benefits for existing clients and stakeholders.”
Tamar Energy had previously stated an aim to have a network of 40 AD plants operational by 2018.
A number of Tamar’s shareholders have rolled over their investment into the combined group.