Anglian Water gains clearance for business-serving joint venture
JOINT VENTURE: Anglian Water and Northumbrian Water are uniting business divisions following deregulation.
By Grimsby Telegraph | Posted: 2 Aug 2017
ANGLIAN Water has been given the go-ahead to form a joint venture to serve business requirements nationwide.
The company, which supplies the whole of Lincolnshire and operates a sophisticated plant on Grimsby’s Pyewipe, has partnered its business division with that of Northumbrian Water Group.
It comes after the commercial water market was opened following April’s deregulation. Now, rather than being restricted to regional operators, businesses can shop around for the best deal.
Estimates are that the economy will benefit by £2 billion over the next 30 years through a combination of customer choice and efficient competition.
Cleared by the Competition and Markets Authority today, Anglian and Northumbrian expect to complete the merger by the end of the month.
The new company, to be called Wave, will report a turnover in excess of £500 million and an estimated 19 per cent market share across the UK, serving approximately 300,000 business customers.
Food processing and the chemical processing sectors provide some of the biggest challenges for waste water, with NWG’s existing area, covering the Tees, another strategically crucial cluster for the latter.
Lucy Darch, managing director of Northumbrian Water Group Business (NWGB), who will become the new chief executive of Wave, said: “Anglian Water Business and NWGB are better together. Wave will be able to offer customers an unrivalled breadth of ability and knowledge to help them achieve greater efficiency in utility management.
“Over the next few months we will be working hard to ensure the merger happens as seamlessly as possible, starting with the roll-out of the new brand. This is a really exciting time for our business and we look forward to demonstrating our combined strength to customers.”
Managing director of Anglian Water Business (AWB), Bob Wilson, has chosen to retire from his position after 20 years with the Cambridgeshire-based group, but will work closely with Lucy on the transition.
Lee Shipsey, AWB director of sales and marketing, will be appointed as deputy chief executive of Wave. He said: “By joining forces we will be well placed to deliver great services and products that will give businesses everything they need to understand and manage their water and energy consumption better.”
Overseas growth is a winner for coffee specialist as it takes top spot in Fast Track rankings