EDP said that the acquisition was part of its growth strategy following a management buyout in 2014.
As part of the acquisition, 34 staff from IOM have joined EDP. In addition, EDP has acquired IOM offices in Glasgow and London, with specialist teams also located in Edinburgh and Stafford, significantly increasing its geographical spread across the UK.
EDP managing director Mark Haydock said: “This acquisition represents a positive step forward in our growth plans. From a strategic point of view, it means we will strengthen our services to customers in the short- term and they will benefit from significant cost savings in the long-term.
“IOM has a sterling reputation in the industry for quality work and high service levels, so we’re confident its asbestos division will fit seamlessly into our business.”
Rob Aitken, CEO of IOM, added: “This decision has been carefully considered as the asbestos site services division has been a long-standing and fundamental part of IOM since 1990. During this time the division has made a vital contribution to our business whilst building a reputation for excellence, quality and service. However, the marketplace has changed significantly and we believe now is the right time to hand over these services to EDP who share the same values of excellence, quality and service.”