Last checked at 20 Dec 2013 07:30
20 December 2013
Severn Trent Costain becomes Severn Trent Services
Severn Trent Plc and Costain Group PLC have reached a mutual agreement through which Severn Trent will take full ownership of the total water solutions business that the joint enterprise successfully created.
The business will continue as Severn Trent Services.
In line with Severn Trent's overall strategy of focus on water, the business will continue to operate in the developing market for UK business solutions in water, leveraging Severn Trent's skills and expertise to offer non household customers in the UK a single expert supplier for all of their water and waste water needs, from source to disposal.
Severn Trent Plc chief executive Tony Wray said: "We are in a position where Severn Trent commands the expertise, commitment and full-service skills to take this business forward for the long term.
We look forward to continuing to work with our customers and future customers to further improve service standards and the economics of their business."
ENDS
Enquiries:
Severn Trent Plc 02477 715 640
John Crosse, Head of Investor Relations
Rob Salmon, Head of Communications
Martha Walsh/Sam Chiene, Tulchan Communications 0207 353 4200