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.
- Morgan Sindall results in line with expectations Morgan Sindall Group has delivered half-year results in line with expectations for the six months to June 30, 2014.... Read More >
- Refill app promotes tap water in Bristol People in Bristol are being encouraged to fill up bottles with tap water from the City's shops and restaurants as part of... Read More >
- Yorkshire Water action plan to tackle drainage problems at Steeton Ings Yorkshire Water has drawn up a strategy to tackle drainage problems in the Aire Valley, in area known as Steeton Ings,... Read More >
- A glass half-full? Bringing water costs down for utility customers Mark Bullock, Balfour Beatty chief executive officer for rail and utilities, says the water sector must change its... Read More >
- INWED 2019: 'Each step was driven by choosing work I enjoy' To mark International Women in Engineering Day 2019 on 23 June, Fiona Barbour discusses her journey to becoming Mott... Read More >
- Interview: Kier Utilities' water MD Nigel Dyer Kier Utilities' Nigel Dyer tells Robin Hackett how the company is evolving to meet the changing demands on the water... Read More >
- Comment: New tech and partnerships will up the ante on leakage Closer partnerships, technology and connectivity will be the key to tackling leakage, with collaborative delivery... Read More >
- The search for safer streetworks practices Amey Utilities' HSEQ director, Gerry Mulholland, explains how the company’s 2020 Challenge and Know What’s Below... Read More >