Announced
Financials
Sources
Tags
United Kingdom
Single Bidder
Pending
Gas Distribution
Private
gas distribution network
Acquisition
Friendly
Majority
Synopsis
ES Pipelines, a gas company in Leatherhead, England, agreed to acquire the domestic customer gas connection assets of Fulcrum, a provider of utility infrastructure services to the domestic, commercial and industrial markets throughout the UK, for £46m. "The sale of our domestic gas utility assets to ES Pipelines presents the opportunity to focus on our activities in key growth markets. This is part of our core growth strategy, which includes the design and build of utility connections, as well continuing to adopt assets in the traditional I&C market where appropriate," Philip Holder, Fulcrum Chairman.
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