Anglian Water Group
 | |
| Company type | Private |
|---|---|
| Industry | Water |
| Founded | 1973 |
| Headquarters | Huntingdon, England |
| Website | www.awg.com |
AWG plc was a British holding company which is parent to Anglian Water. It was previously listed on the London Stock Exchange, and was a member of the FTSE 250 Index, but it is now owned by the Osprey Consortium. Its headquarters are in Huntingdon, Cambridgeshire.
History
Originally Anglian Water, it was one of the British regional water companies privatised in 1989.
Like many utility companies, AWG has attempted to diversify away from a core business which offers steady profits but has very limited potential for expansion, in its case through the acquisition in September 2000, of the Scottish support service and construction group Morrison Construction.[1]
In March 2006, the construction division of the Morrison business was sold to Galliford Try for £42m.[2] The remainder of the business was split into two divisions, Morrison Facilities Services and Morrison Utilities Services, and, in March 2008, AWG sold the Utility Services division to two private equity firms, Cognetas and Englefield Capital for £235 million.[3]
AWG was acquired by the Osprey Consortium, made up of Canada Pension Plan Investment Board, Colonial First State, Industry Funds Management and 3i, in December 2006.
In 2012, AWG sold Morrison Facilities Services to Mears Group for £24m.[4]
References
- ^ AWG sues Morrison Chiefs over misrepresentation The Guardian 5 February 2003
- ^ AWG sells building arm to Galliford The Daily Telegraph 2 March 2006
- ^ AWG sells Morrison utilities services division Archived 2009-02-12 at the Wayback Machine The Herald 8 March 2008
- ^ "Mears buys Morrison Facilities Services". Facilitate Magazine. 8 November 2012. Retrieved 3 January 2020.