Lanes buys UKDN Waterflow from administration
The business and certain assets of wastewater and drainage services providers UKDN Waterflow and UKDN Waterflow Technical Services have been bought by Lanes Utilities for an undisclosed figure. The two UKDN businesses were in administration, with Deloitte appointed administrator.
Lanes Utilities said the businesses complement the existing service provisions of its parent company, Lanes Group, within the highways, rail, utility, insurance and commercial sectors.
Wayne Earnshaw, managing director of Lanes Group, said: “The acquisition of these businesses is part of our continuing expansion strategy. It will contribute to our business growth, in terms of our ability to serve current customers, and attract new ones.”
The acquisition reinforces Lanes Group's position as a leading service provider in the UK within the wastewater and drainage market sector, enhancing the company’s future growth and performance, strengthening the assets available, and providing even greater geographic presence.
The acquisition agreement was signed last Thursday (November 5), having been approved by the administrators, Matt Cowlishaw and Paul Meadows, of Deloitte.
- Landmark legal ruling over Llyn Padarn dispute The Court of Appeal has made a landmark ruling in an environmental case concerning Llyn Padarn in Llanberis. Read More >
- South West Water to install wastewater loggers South West Water has selected battery-powered data loggers from Servelec Technologies for a wastewater event duration... Read More >
- Spain faces heavy fine for not adequately processing sewage The European Commission (EC) wants Spain to pay more than €46.5M for failing to adequately process sewage in 17... Read More >
- Drilling and Tapping: The Mains Man Jason Barratt's skill in drilling and tapping water mains has led to him competing around the world as well as advancing... Read More >
- A Time to Skill: how can water face its workforce challenges? Faced with the double challenge of an ageing workforce and a potential barrier to bringing in EU talent due to Brexit, how... Read More >
- Reliability engineering key to resilience As a result of the 2014 Water Act and Ofwat, water companies are increasingly studying how resilient they might be to... Read More >
- Comment: A dynamic response to change Market changes in the water industry mean that contractors must step up play a bigger and more responsible role in... Read More >
- Interview: Prof Rudi Klein, chief executive officer, SEC Group "The wait - that is the real problem," says Professor Rudi Klein on the subject of cash retentions in construction... Read More >