Announced
Completed
Financials
Sources
Tags
water supply
Water
United Kingdom
Public
Scheme
Completed
Friendly
Later Bidder Won
Majority
Acquisition
Synopsis
Severn Trent, a water company based in the United Kingdom, completed the acquisition of Dee Valley Group, which provides integrated water services, for £134m. "The announcement of our purchase of Dee Valley represents an opportunity for Severn Trent to apply its successful operating model for the benefit of customers across an enlarged asset base, in a neighbouring geographic area. We intend to bring real benefits to Dee Valley's operations and customers by bringing best practice and investment to support and enhance the service the company provides and by sharing the savings we can generate. We are looking forward to engaging with the customers and Welsh regulators and bringing our skills in water services to Dee Valley," Liv Garfield, Severn Trent CEO.
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