Ara Partners, a capital and investment company focused on industrial decarbonization, supports its management in the takeover of the PX Group.
Ara Partners joins forces with Aksiom Group
Ara Partners announced today that it has joined forces with Aksiom Group to acquire the PX Group.
Based in Stockton, UK, PX Group is an infrastructure solutions provider.
The company manages energy assets and provides energy management, engineering and consultancy services.
Ara Partners is a British capital and investment company working to decarbonize industry.
It is part of ARA Capital, owned by Arkadiy Abramovich, son of the billionaire of the same name, Roman.
For its part, the company seeks to create businesses focused on sustainability and the Principles for Responsible Investment (PRI).
PX to operate Ara Partners’ renewable energy projects
Charles Cherington, Partner and Director at Ara Partners, said: “px is emerging as the leading industry player and we are delighted to be associated with the management and team at Aksiom as they drive the development of an infrastructure that is essential to the UK’s energy transition.
Once the takeover is complete, the company will act as operator for Ara Partners’ renewable energy projects.
PX is active in the installation and processing of electricity from natural gas and biomass.
Other similar assets such as carbon capture and storage (CCUS) andhydrogen will also be handled.
Energies that will play a significant role in decarbonization in the UK.
