Jump to content
RemedySpot.com

Aerotech and EMLab will be under the same company

Rate this topic


Guest guest

Recommended Posts

Severn Trent Sells U.S. Testing Arm

Monday September 25th, 2006 / 15h34

Edited Press Release

LONDON -(Dow )- Severn Trent announced Monday the sale of its

U.S. analytical environmental testing firm Severn Trent Laboratories

(STL) to TestAmerica Holdings, an affiliate of H.I.G. Capital, for a

cash consideration of approximately GBP85 million.

The transaction is subject to U.S. regulatory approval and is

expected to be completed by the end of December 2006. STL U.K. will

remain part of the Severn Trent group.

Mr Colin s, Group Chief Executive, said " We announced in June

that following our decision to demerge Biffa we wanted to

concentrate on water. Therefore STL U.S. was no longer regarded as

core. Monday's announcement continues our strategic drive to create

value through a focus on water. "

STL Chief Executive Officer Brydon Jannetta will remain with

STL U.S. and resign from the Severn Trent Plc Board on completion of

the deal

I wonder how this will play out between Aerotech and Emlab?

Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...