Renew, a provider of luxury prestigious private residential refurbishment schemes, completed the acquisition of Excalon, an infrastructure contractor specialising in the provision of high voltage and extra high voltage infrastructure to the UK electricity sector, for £26m. "This acquisition broadens Renew's exposure to another critical UK infrastructure market, presenting tremendous long-term growth opportunities. It is consistent with our stated strategic objective to expand into new complimentary sectors that have high barriers to entry coupled with resilient attributes. This is a highly regarded business with a strong track record in this specialist sector, and I am delighted to welcome the management and staff of Excalon to the Renew family," Paul Scott, Renew Chief Executive Officer.