Latest News
Tyco exits European water business to focus on e/m
The ongoing refinement of Tyco International’s portfolio continued earlier this week with the divestment of the group’s European waterworks business to private equity house Triton for $245 million.
The business, which designs, manufactures and supplies equipment – including valves and hydrants – for commercial and residential customers, generated around $350 million in revenues in the year ending 25 September 2009 ...
CYII inches closer to taking on private capital
Canal Isabel II (CYII), the Madrid public water company, has agreed new employment terms protecting the rights of its 2,000 employees in the event it becomes a limited company.
The development, seen as removing an obstacle to the planned incorporation of private capital in CYII, was reported by the Spanish business daily Cinco Días this week. CYII sources ...
US water purification specialist to IPO in London
Seattle, WA-based HaloSource intends to float on London’s Alternative Investment Market as soon as next week, raising £50 million of fresh equity to support its expansion plans and to build new manufacturing plants.
The company, which generated $11.8 million of revenues in 2009, is forecasting top-line growth of 40-50% this year, driven primarily by its point-of-use water purification ...
How to sell a business without winning a contract
United Utilities has all but completed its transformation into a pure-play water and wastewater company, selling two more non-regulated businesses this week, including its fledgling solid waste PFI arm – which had yet to win a contract.
Waste management specialist Shanks Group confirmed that it had picked up UU’s waste business, which has preferred bidder status on a municipal contract ...
Desal to underpin Queensland’s future water security
Tenders for South-East Queensland’s next major desalination plant could be called for by 2014, according to the newly released Annual Report 2009-10 from the Queensland Water Commission.
However, in the wake of last week’s official handover of the Tugun desalination plant on Queensland’s Gold Coast, a second one probably won’t be needed for another 12 years ...
Jeff Sterba shuffles the pack at American Water
American Water’s new CEO Jeff Sterba has been out and about in New York this week meeting with institutional investors and delivering his first conference speech as the head of America’s largest investor-owned water utility.
The meetings will have given Sterba the opportunity to explain the rationale behind the changes in senior management he announced at the start ...
