ICW GROUP: Electric deal for ICW.

0 Comments | M2 Presswire, May, 1999

M2 PRESSWIRE-18 May 1999-ICW GROUP: Electric deal for ICW (C)1994-99 M2 COMMUNICATIONS LTD RDATE:170599 ICW Group, the electrical equipment and power systems specialist, has announced today that the Chief Executive Partnerships Ltd (CEP) has acquired an 80 per cent shareholding in the company.

ICW was formerly owned by chief executive, Ian Wright and 3i Group plc; Ian Wright has retained a 20 per cent holding the ICW. The transaction was in the region of [pound]35 million The Group designs power systems and manufactures and installs electrical equipment used to convert and distribute electricity to provide secure, fault-free services in business critical electrical applications. Customers include many of the major investment banks, other financial...