ABB Acquires U.K. Power Network Service Company

ABB continues expansion in deregulated U.K. power market

Zurich, Switzerland, February 8, 2000 – ABB, the global technology company, said today it has acquired a leading U.K. power network service company. The company, East Midlands Electricity Contracting (EMEC), was acquired from East Midlands Electricity, the U.K. distribution company owned by London-based PowerGen plc, one of the world’s largest independent power generators. The terms of the purchase were not disclosed.

      EMEC employs 500 engineering staff, including 150 specialist network engineers, and has annual revenues of more than $60 million. The company provides a variety of distribution network services, including high-voltage plant and cabling, substation installation, and specialist street lighting installation and maintenance. The company’s security systems and domestic activities are not included in the deal. The acquisition includes a three-year framework agreement to provide network service support to East Midlands Electricity.

      As part of ABB, the company will also be active in maintenance, restoration and repair, inspection and diagnostics, asset planning, refurbishment, retrofit, and total asset management. The company will service both high-voltage power transmission grids as well as power distribution networks.

      The new company will enable ABB to broaden its offer of complete solutions for electricity networks. The acquisition also builds on ABB’s strengths in technology and experience in the utility business to create new growth opportunities as power grid operators in the deregulated U.K. market continue to outsource non-core activities.

      ABB <http://www.abb.com> is a global technology company serving customers in power transmission and distribution; automation; oil, gas, and petrochemicals; building technologies; and in financial services. Power generation customers are served by the joint venture ABB ALSTOM POWER. The ABB Group employs about 165,000 people in more than 100 countries. (End)


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    Contact us

    • John Fox
      ABB Corporate Communications, Zurich
      Tel: + 41 1 317 7371
      Fax: + 41 1 317 7958
    • Karen Wilds
      ABB U.K., London
      Tel; + 41 171 753 2000
      Fax: + 41 171 753 0204
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