Wed, 08 Apr 2026 | BUSINESS SALE
Lucy Group, a UK-based power distribution supplier, has acquired a German business that develops innovative switchgear technology. Berlin-based Nuventura will join Lucy Electric, the group’s low- and medium-voltage power distribution unit.
Nuventura brought the world’s first 36kV dry air GIS (gas-insulated switchgear) to market in 2017. Dry air is a sustainable alternative to SF6 (sulphur hexafluoride), a powerful greenhouse gas, and the acquisition comes ahead of new regulations set to be introduced across Europe this year which will drive a broad shift towards SF6-free alternatives.
Serving a global client base, Nuventura has recently developed a 24kV version of its switchgear product for medium voltage uses, including a circuit breaker and three-position disconnecter design.
Lucy Electric Chief Executive John Griffiths commented: “In 2024, Lucy Electric was crowned Utility Partner of the Year for our ongoing collaboration with UKPN on developing the UK’s first MV 12kV SF6-free Ring Main Unit.”
“Nuventura will extend our expertise into primary switchgear, further paving the way for grid operators to reduce their infrastructure emissions as part of delivering net zero ambitions.”
Manjunath Ramesh, joint Managing Director and Chief Technology Officer of Nuventura, added: “The switchgear market is undergoing the most fundamental technology shift for decades.”
“Becoming part of Lucy Electric marks the next chapter in our growth and will enable us to scale up and offer a broader range of high-quality, environmentally friendly solutions to suit a host of industry applications across the globe.”
Oxfordshire-headquartered Lucy Group operates across the electric, controls and real estate markets.
In the year to December 31 2024, the group reported turnover of £409.3 million, up from £359.1 million a year earlier, while pre-tax profits increased from £59.5 million to £85.2 million.
Leave a comment