COMMENT: It's been an interesting few weeks
Enterprise has hit the acquisition trail again eight months after acquiring Byzak, this time buying Severn Trent Metering Services; Severn Trent and Costain have created a new joint venture; and Veolia Environnement has sold its majority stake in Veolia Water Central, East and Southeast.
And let’s not forget Dwr Cymru Welsh Water’s news that it is to spend £1B between now and the remainder of AMP5, and is also splashing out an extra £100M on projects that are extra to its capital investment programme.
Then there’s May Gurney, which has posted increased turnover and profit for its latest financial year. It has also grown organically, winning more than £400M of work, and says its order book stands at £1.5B, and there is a potential £1B-plus in contract extensions.
With this pattern of investment and financial performance it would appear that a feel-good factor is perhaps emerging in the industry.
Let’s hope so, in these difficult economic times.
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