To increase national presence.
Tempo Australia has acquired 100% of leading national electrical services provider, KP Electric. The deal provides Tempo with a stronger national presence as KP Electric currently services clients from 12 operating bases across Australia.
KP Electric specialises in Australia-wide electrical service, maintenance and compliance of existing electrical assets and energy management. It carries out preventative, programmed, reactive, and compliance electrical maintenance services to corporations including Woolworths and Nokia Australia.
KP Electric will continue to operate as a standalone business. Founder, Peter King and the management team will be retained in the business and are committed to working closely with Tempo’s executive team.
Tempo managing director and CEO, Max Bergomi (pictured above) said, “We expect that Tempo’s strong balance sheet, robust systems and processes, and experienced management team will act as a further enabler for the KP Electric core business, allowing it to target more complex maintenance opportunities across larger industrial and commercial sites. It’s a win-win situation for both parties.”
In addition to core electrical services, the acquisition will complement the expertise already developed in-house through the Cablelogic division and enable the company to position itself as a technological leader in installation, testing and maintenance of telecommunication infrastructure, including base transceiver substation systems, in-building cellular networks, and wireless backbone infrastructure.
Tempo will now offer telecommunication clients, including Nokia, Huawei, CAM, Telstra, Optus and Vodafone, a unique end-to-end service, supporting the growing need for stronger and more reliable data and telecommunication networks across Australia.