IK Partners-backed Ipsum completed the acquisition of Matrix Power.

IK Partners-backed Ipsum, a specialist infrastructure services provider, completed the acquisition of Matrix Power, a UK-based electrical engineering company. Financial terms were not disclosed. "We are delighted to announce the acquisition of Matrix Power, another positive step in the growth of our Power division. It is an exciting period at Ipsum and in the utilities sector generally. The addition of Matrix Power’s expertise will allow us to expand our existing footprint in the northeast and broaden our availability across the north of England and Scotland," Andrew Cowan, Ipsum CEO.