The acquisition, which has been reported in Fulcrum’s latest pre-close trading update for the financial year ending 31 March 2018, is part of the company’s strategy to increase its direct delivery capabilities and to bring specialist engineering services in-house.

Fulcrum had previously subcontracted specialist elements of its projects to Staffordshire-based CDS.

It is Fulcrum’s second acquisition in recent months following the purchase of the Dunamis Group, an electrical infrastructure services company, which created one of the UK’s leading gas and electrical infrastructure services groups.

Martin Harrison, chief executive of Fulcrum, said that the integration of Dunamis was progressing well with management focusing on cross selling opportunities within the enlarged group.

“The recent acquisition of Dunamis and CDS announced today has enhanced our service offering and in-house capabilities, establishing and growing our market leading position in both infrastructure delivery and utility asset ownership. We remain confident in our outlook for the business,” said Harrison

In the last half-year ending 30 September, Fulcrum reported underlying profit of of £4m(H1 FY16: £3.5m), on revenue of nearly £20m (H1 FY16: £18.1 million)

Fulcrum has also reported strong growth in its forward orders.  As of 28 February 2018, the combined order book had increased by £8m to £38m.