Ancala Bioenergy, an infrastructure investment vehicle of Ancala Partners, has acquired Biogen for an undisclosed price in the UK.
Biogen owns and operates anaerobic digestion plants in the UK and was a 50/50 joint venture between Bedfordia Group and Kier Group.
Its portfolio comprises seven anaerobic digestion plants located across England and Wales. The plants owned and operated by the company are claimed to deliver food waste management solutions that are cost-effective and low in carbon emissions.
They are located in Rushden, Bedford, Atherstone and Baldock in England and Aberdare, Caernarfon and St Asaph in Wales.
Ancala Partners managing partner Spence Clunie said: “Biogen is well known in the industry as one of the leading owners and operators of anaerobic digestion plants.
“The team has over ten years of experience in the sector and their operational excellence and commercial reach provide Ancala with an established platform from which to expand in the sector.”
Biogen collaborates with supermarkets, food manufacturers, the hospitality industry and regional authorities in the UK. Its plants recycle about a quarter of a million tonnes of food waste annually.
Through the deployed anaerobic digestion technology, the Biogen plants convert food waste into renewable power and biofertilizer which is rich in nutrients and is also PAS 110-certified.
Biogen’s anaerobic digestion units with an installed generation capacity of nearly 13MW deliver adequate clean energy that is needed to meet the power consumption needs of 25,000 homes.
Biogen managing director Adam Feneley said: “The acquisition is another exciting milestone in Biogen’s history which further enhances the company’s reputation as the number one food waste to renewable energy company in the UK.
“The investment is excellent news for Biogen and marks the next stage of growth for the business.”
Last month, Ancala Partners, the owner of Ancala Bioenergy, raised £51m debt facility for Green Highland Hydro, an owner of hydroelectric power plants in the UK.