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Invisible Heating Systems investment news



Invisible Heating Systems announce that it has acquired substantial investment from Irish-based Corporate Finance and Private Equity firm Beltrae Partners.

IHS is recognised as an industry leader in the design of technical, sustainable energy solutions to the domestic and commercial sectors.

This investment is key to the company's strategy to significantly expand its market share throughout the UK and Ireland.

James Toland from Belfast has been appointed Managing Director of IHS and will be based in Ullapool.

Both Henk Verweijmeren and Liz Stewart who founded the business will remain in the company as board directors.

IHS employs 25 staff in Scotland and England.

Over the past fifteen years, IHS has developed a strong portfolio of energy efficient and micro-renewable products including underfloor and wall heating and cooling, ground, air and water source heat pumps, solar thermal and PV systems, energy efficient domestic water systems and Road Energy Systems.

The company specialises in the provision of technically efficient heating design solutions across all market sectors.

James Toland commented: "IHS has demonstrated consistent year on year growth based on its strong reputation for technical excellence and is ideally placed to expand its field of operations throughout the UK and Ireland with current increasing demand for technically guaranteed, sustainable energy based heating solutions".

"This is a very strong business, and I look forward to working with the existing team to realise our goals and expand significantly in the coming years".

Henk Verweijmeren added: "We are extremely proud of what we have built up with our team here in Ullapool but we reached the decision that the company was ready to grow even further and we needed assistance to do this".

"We believe that this step will enable IHS develop into an even more successful business over the next few years.".

Sent: 03/12/2008


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