Sale of Severn Trent Analytical Services

RNS Number : 5618J

Severn Trent PLC

08 August 2012

 



Severn Trent plc to sell Severn Trent Analytical Services

Severn Trent plc has decided to sell its Severn Trent Services' Analytical Services business.

Over recent months, Severn Trent Analytical Services has become a smaller business that is predominantly commercial-customer focused.

At the same time, the sale addresses a number of commitments Severn Trent plc has made to Ofwat in relation to the pricing of certain contracts at Severn Trent Analytical Services.

Rothschild has been appointed as advisors in the sale. 

For media inquiries, please call Rachel Groves or Grace Marren, Media and Customer Engagement Team, Severn Trent plc on 02477 715640

For all other inquiries, please call Anastasia Shiach / Martha Kelly, Tulchan Communications on 0207 353 4200

About Severn Trent Analytical Services

Severn Trent Analytical Services is the trading name for Severn Trent Laboratories Limited.

Severn Trent Analytical Services provides potable, wastewater and contaminated land testing services to UK commercial and utility customers.

The business accounts for about 1.5 per cent of Severn Trent Group's overall revenue. 

About Severn Trent

Severn Trent is the holding company of the Severn Trent group of companies (comprising Severn Trent and its subsidiaries) (the "Group"). The Group comprises two main business divisions (i) Severn Trent Water which comprises the regulated water utility in Severn Trent Water Limited ("STWL"); and (ii) Severn Trent Services ("STS").

STWL is one of the larger water and sewerage companies in England and Wales in terms of area and turnover, and provides water and wastewater services to 4.2 million households and businesses.  Severn Trent Services provides water and wastewater treatment and operating services to utilities, municipalities and commercial customers around the world.  The turnover for the Group for the year ended 31 March 2012 was £1770.6 million with the underlying profit before interest tax and exceptional items being £504.2 million.

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