Water firm expansion plan
AN ACQUISITION has created the third biggest UK non-domestic water retailer.
Scotland’s biggest non-domestic water supplier Business Stream has bought Southern Water’s non-domestic customer base, strengthening its position as it prepares to compete in the English water market.
The deal has created the third-biggest company in the UK non-domestic market for water and waste water services, with a combined market share of over 10 per cent.
From April 1, around 1.2m businesses and public bodies in England will be able to choose their water supplier.
Jo Dow, Business Stream chief executive, said: ‘The acquisition provides us with a springboard for growth ahead of the English market opening. The new market creates huge opportunities.’
A number of Southern Water’s account managers transfer to Business Stream as part of the acquisition.