M GROUP Services Limited acquired Power division of Babcock International Group PLC (LSE:BAB) for £75 million on December 24, 2021. Following the acquisition, the business division will be rebranded to form part of Morrison Energy Services, within M Group Services' Energy division. For the year ended March 31, 2021, Power division of Babcock International Group Plc reported total revenue of £70 million. David Maddocks and his team will join M Group Services. Lewis Gray of Arrowpoint Advisory LLP acted as financial advisor, Karen Davies, Aaron Shute, Nick Hilder, David Razzell, Tim Gummer, Neil Cuninghame and John Gordon of Ashurst LLP acted as legal advisor to Babcock International Group. Ernst & Young UK, Investment Banking Arm acted as financial advisor to Babcock International Group PLC (LSE:BAB).

M GROUP Services Limited completed the acquisition of Power division of Babcock International Group PLC (LSE:BAB) on December 24, 2021.