Severn Trent offloads Analytical Services arm
Water provider Severn Trent has sold its Analytical Services division to Australian testing inspection and certification (TIC) group ALS Limited for an undisclosed sum.
Water provider Severn Trent has sold its Analytical Services division to Australian testing inspection and certification (TIC) group ALS Limited for an undisclosed sum.
The unit, also known as Severn Trent Laboratories, provides portable, wastewater and contaminated land testing services to UK commercial and utility customers.
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It accounts for around 1.5% of Severn Trent's total revenue.
ALS is listed on the Australian Securities Exchange and is one of the largest TIC companies in the world.
No financial information regarding the sale was given.
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