Wickes Group has acquired a majority stake in solar installations company Solar Fast.
The acquisition will enable Wickes to expand its offering into home energy solutions, initially with solar and gas boilers and, in time, air source heat pumps and other services.
David Wood, Chief Executive of Wickes, said:
I am delighted to announce our acquisition of a majority stake in Solar Fast, a leading operator in the emerging and exciting market for energy saving solutions. This acquisition enables us to accelerate our Design & Installation growth lever, capitalising on our expertise in installing major home improvement projects.
The Wickes brand has been trusted by home improvers for over 50 years and with Solar Fast as part of our proposition we will be perfectly placed to support them with their energy saving plans.
I’d like to take this opportunity to welcome David Draper and his impressive team to the Wickes family and we look forward to delivering our exciting plans together.
David Draper, Founder and CEO of Solar Fast, said:
This is tremendous news for Solar Fast. We’re a family business and our vision has always been to become the number one provider in the UK for quality domestic solar installations and with the Wickes brand behind us, we are closer to achieving that vision. I, along with all of the Solar Fast team, are very much looking forward to being part of the Wickes family and to working together to make UK homeowners more energy independent.
