Water utilities have had a big week, with high M&A activity and projects around the world. In addition, companies like FlowWorks continue to release new products to help utilities do their job more effectively and efficiently. Read about utilities and other players in this week’s water news below:
- Canada’s Capstone Infrastructure Corporation paid £131.5 million for a 70% equity stake in Bristol Water and expects to achieve a total return on the investment “at the lower end of its targeted 10-14% range.” Suez said that through its Agbar subsidiary in Spain, it would enter into an operational and management agreement for Bristol that would include nominating the company’s chief executive and “access to the know-how and technological development of the group.”
- HSBC has sold Cambridge Water to South Staffordshire plc for less than the £74.8 million it paid for the company just over two months ago.
- Four firms (Hong Kong’s Hutchison Water, Brazil’s Odebrecht and Korea’s GS Engineering and Posco) have been shortlisted in the bid to acquire Inima, the water division of the Spanish construction giant, OHL.
- Heckmann Corporation announced the disposition of the current operations of its subsidiary, China Water