MEARS Group – a trusted provider of specialist housing services in Scotland including a local base in Aberdeen- have announced the acquisition of Dundee-based IRT, which operates in the carbon reduction space.
There are significant opportunities in the structurally growing field of carbon reduction, which will be complementary to the services already provided by Mears. The requirement to decarbonise an ageing housing stock, especially in affordable housing, is accelerating in the current environment given the significant increases in energy costs, and the agenda to meet the Scottish Government’s targets of achieving net zero by 2045.
Subscribe to our daily newsletter
Why? Free to subscribe, no paywall, daily business news digest.
Mears have highlighted that the acquisition will give them access to software which will enable Mears to develop intelligent retrofit plans for their clients swiftly, which means they can reduce the energy bills of vulnerable clients much more quickly.
Executive Director Alan Long commented:
“Mears are pleased to announce the acquisition of IRT which means we now have the in-house capacity to develop intelligent retrofit plans for our clients whilst meaning we can assess the carbon reduction needs of any new properties entering our management portfolio.”
“The technology from IRT was used to win 3 contracts under the Social Housing Decarbonisation Fund earlier this year, highlighting that this is a tested formula for successful future bids with our clients.”
“With IRT joining the Mears team we are combining two companies with over 50 years’ experience in their respective markets whilst boosting the Mears presence as one of the UK’s experts in carbon reduction.”
