JP Morgan Asset Management, together with Australian Challenger Infrastructure Fund (CIF), has bought Southern Water from owners Royal Bank of Scotland for ₤4.2 billion.
J P Morgan will take a 32% stake for £360 milion in Southern Water, while CIF will pay £300 million in return for a 27% interest. Other shareholders in the consortium include Access Capital, taking a combined 18% stake for £201 million for seven Australasian superannuation funds and UBS, with 18% for £200 million.
CIF’s announcement regarding the purchase states that Southern Water Regulated Capital Value is forecast to be 33.2 billion by March 2008, - the fastest growing of all the UK WaSC’s at 31% over 2005-2010.
bNovate has launched BactoCloud, a secure cloud-based platform that connects and manages its BactoSense instruments, enabling real-time monitoring and optimization of microbial water quality.
Amiblu, a global leader in Glass Reinforced Plastic (GRP) pipe systems for wastewater, stormwater, drinking water, irrigation, hydropower, and industrial applications, has announced the appointment of Martyn Turton as its Sales Director for the UK & Ireland, driving strategic market development in the infrastructure and water sectors, effective immediately.
As a project manager at Metasphere, a Grundfos-owned remote telemetry company at the cutting edge of innovation, Fey McHarg, has witnessed firsthand how the intelligent harnessing of data, specifically through the data-as-a-service model, is fundamentally reshaping and revolutionising the water sector.
Attendees at next month’s National Civils Show, Floodex, National Drainage Show and Waterways Management on 26th and 27th November are set to benefit from an expert speaker line-up and the opportunity to visit a wide range of exhibitors all co-located in one place at Excel, London, one of the UK’s leading international exhibition and convention centres.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.