Pannone Corporate advises nZero Group on Orbital Gas Systems acquisition

Pannone Corporate has advised nZero Group on the multi-million pound acquisition of Orbital Gas Systems to create an industry leader in the UK’s low carbon industry.


Our Manchester law firm acted as legal adviser to nZero Group, which acquired Orbital Gas Systems from its NYSE-listed parent company, Orbital Energy Group (OEG) for an undisclosed sum. The deal was backed by NVM Private Equity, nZero Group’s institutional backer.


Cheshire-based nZero Group aims to become the UK’s leading measurement and control partner across the natural gas, petrochemical, biomethane and decarbonisation sectors. It said the acquisition would ensure the necessary skills and capacity are ready and aligned to help the country’s ambition to achieve net zero greenhouse gas emissions by 2050.


Tim Hamilton, corporate partner at Pannone Corporate, led the deal alongside Andy Walsh, Rosie Korcz and Amy Chandler. He said: “nZero Group is an innovative and exciting business, which has perfectly positioned itself in a fast-growth sector driven by the UK’s net zero ambitions. The acquisition of Orbital Gas Systems perfectly complements nZero Group’s strategic aims and bolsters its position, not only in the domestic market, but also internationally.


“We’re delighted to have supported the team in achieving this exciting milestone and look forward to working alongside the company during the next stage of its growth journey.”


The deal will see the enlarged group employ over 150 people with combined turnover in the region of £16million. Over the next three to five years, the company expects to create more than 50 highly-skilled jobs, whilst investing in creating its own engineers for the future through apprenticeship and graduate programmes to address the skills shortage in the UK.


Both companies, which will retain their existing names as part of the deal, will be led by nZero Group managing director, Matt Allen.


Allen commented: “This deal represents a significant step forward in our strategy to become a key contributor in the UK net zero energy transition by bringing under common ownership two of the UK’s leading measurement and control partners across the natural gas, low carbon hydrogen, petrochemical, and waste to energy sectors.


“The UK and many other countries are making significant commitments to tackle the climate crisis. This is creating a growing demand for companies, like Orbital and Thyson Technology – a subsidiary of nZero Group – to provide a blend of existing technologies and innovative solutions to decarbonise, while supporting customers’ commercial and technological challenges to meet the targets they have set themselves or have been set by government.”


Located in Stone, Staffordshire, Orbital Gas Systems specialises in the design, installation, commissioning and maintenance of industrial gas sampling, measurement, and delivery systems. It has nearly 40 years’ expertise in the manufacture of a broad range of innovative technologies for the energy, power, and processing markets.