The companies said they will transform the renewable energy sector in Northern Ireland and act as a springboard for further expansion into the multi-million pound UK and Ireland renewable energy markets.
The acquisition, for an undisclosed sum, will bring to 110 the number of people employed directly by the Harvey Group in Northern Ireland and Great Britain.
Brian Harvey, managing director of Harvey Group, said there was a perfect fit between the two organisations.
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He said: "We have been planning to grow our renewables involvement for some time, either organically or through the acquisition of an established player. Having worked with Solmatix Renewables on a number of contracts, we had always been impressed with their engineering rigour and professionalism. In fact, there seemed to be a natural synergy between our two companies in terms of what we do and how we do it. I approached Richard Bell about a year ago to float the idea of our companies coming together, but only if there was a good fit. After careful consideration we both agreed that this would indeed be mutually beneficial. From my perspective, having Solmatix as part of Harvey Group gives us a level of expertise that would have taken us years to acquire otherwise.
"Harvey Group and Solmatix share similar values, by which I mean our commitment to professionalism, our desire to deliver our services to the very highest standards, and the importance we place on treating our customers, our suppliers and our staff with courtesy and consideration."
(CD)
