acquisition

Latest in acquisition

Pennon Group has acquired Bristol Water for £425 million – representing a 44 per cent premium on the regulatory capital value of the water only company. Pennon, the owner of South West Water, also announced a £1.5 billion special dividend.
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Business water retailer Castle will acquire Affinity for Business on 1 April, adding around 50,000 customers to bring Castle's customer base to c.400,000. Castle chief executive John Reynolds told Utility Week that Affinity for Business has "a number of strengths" he wants to see shared and built upon.
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The mystery buyer of Labrador has now been revealed. Last week Jane Lucy, founder of Labrador, told Utility Week that the business would have gone under had it not been acquired.
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Invicta Water, which trades as Water Choice in the non-domestic water retail market, has been acquired by Castle Water for an undisclosed sum.
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