Czech energy firm acquires UK demolition consultants RVA
Specialist decommissioning and demolition consultant RVA Group has been taken over by Prague based Energetický a průmyslový holding (EPH). The group’s UK Investments wing bought out RVA via its wholly owned subsidiary for an undisclosed sum.
Established in 1992, by Richard Vann, RVA has completed more than 700 projects worldwide. It has since built a client portfolio that has grown to include some of the world’s leading organisations, featuring international industrial corporations such as SABIC, ConocoPhillips and Ineos. RVA’s focus on environmental, health and safety excellence, combined with targeted engineering skill-sets including demolition, explosives, chemical, structural and mechanical disciplines, have enabled the company to build a market-leading reputation in the demolition industry.
Now, the British arm of Czech firm EPH has acquired RVA’s full share capital, including the firm’s subsidiaries RVA Consulting Engineers and RVA Engineering Solutions. Founder Richard Vann said that little would be changing operationally, and he remains Managing Director at RVA, while the company headquarters will stay in the UK capital of London. Instead, the new ownership will enable a period of extended expansion, with EPH’s own portfolio of power and energy assets worldwide adding new decommissioning requirements to RVA’s order book.
According to Vann, the organisation is at the end of a year-long recruitment and restructuring drive to ensure the consulting firm is ‘fit for the future’. RVA also made a significant investment in new cloud technology throughout the business, as the group sought to increase flexibility, security and continuity in their work.
Technological innovation is something that the global construction market continues to wrestle with, as does the demolition sector, so ensuring that RVA are among the industry disruptors, as opposed to becoming victims of disruption, is key to the firm’s future prosperity. Vann said, “It was all about preparing RVA for the next 25 years and it is great that, in line with this succession planning strategy, an ideal window of opportunity has already opened up for us.”
EPH decommissioning manager Robert Bundil added, “We have worked with RVA people on a couple of projects and know they are excellent professionals who bring high value to their clients. EPH is a responsible owner of its energy assets not only during their operation, but is also committed to fulfil all legal and moral obligations after their closure. Having RVA on board gives us absolute confidence that we will be capable to carry out our decommissioning duties in a safe and professional manner.”
RVA will also continue working for other clients within the chemical, petrochemical, pharmaceutical, power, energy, oil, gas and heavy manufacturing industries.
