Castle Water buys Cobalt Water
Castle Water has struck a deal to buy Ayrshire-based Cobalt Water for an undisclosed sum.
Commenting on the acquisition, Castle Water’s managing director John Reynolds said: “We recognised the professionalism and capability of Cobalt” and the contribution it could make to Castle’s growth ambitions in Scotland.
“When we reviewed options to increase the size of our Scottish business, Cobalt stood out as the best fit with our customer-focused approach,” he said.
Cobalt Water customers and employees will now transfer to Castle’s management. “Cobalt customers will continue to be served by the same team, and will now also benefit from the broader resource available from Castle Water throughout England as well as Scotland,” assured Reynolds.
Cobalt Water Managing Director, Andrew Robertson responded to the announcement saying that, following four years of growth, “We believe that, following the opening of the English market, customers will benefit from being part of a larger group, which also has the independence necessary to provide the best value.”
-This article first appeared on Utility Week.
- Chemicals company applies for first Scottish self-supply licence Earls Gate Water, a subsidiary of chemical company CalaChem, has become the first non-household water customer in Scotland... Read More >
- Innovation key for Scotland's ‘Hydro Nation’ vision Customer service and innovation in water technology will be two central planks of Scotland's future as a ‘Hydro Nation’,... Read More >
- English public sector water retail contracts go out for tender Crown Commercial Services has issued tender documents for public sector water supply in England, with the contracts... Read More >
- Comment: What could retail competition do for customers? Domestic retail competition could provide an opportunity to look again at how we determine the price of water to the... Read More >
- Comment: Sludge all set for reform The opening of the bioresources market presents water companies with an opportunity to do things differently, but what... Read More >
- Interview: Ben Jeffs, Chief Executive, MOSL “The whole industry has really mobilised around market opening, and the water companies deserve credit for that.” Read More >
- Close-Up: Who will be the big fish in the new water retail market? With a £2.5BN new market for non-domestic water retail to open in England in April, joint ventures, incumbents and new... Read More >
- Water Industry Procurement: could Brexit provide a fresh start? Could Brexit lead to a re-examination of the procurement rules which govern the water industry and other infrastructure... Read More >