Waterlevel Limited are proud to announce the sale of their remaining shareholding in Albion Water Limited. Dr Jerry Bryan, one of the founders of Albion Water, Chairman of Waterlevel and the outgoing Chairman of Albion Water is pleased to announce that Wessex Water Limited have successfully exercised their option to buy the remaining 49% of Albion Water from Waterlevel.
Dr Bryan and his team were the first new entrant in the UK bringing real competitive strength to the water industry by offering alternative water and sewerage solutions.
In 2016 Wessex Water joined Waterlevel in a joint venture to expand the opportunities within the sector, with an understanding that they would acquire the remaining stake from Waterlevel on the 5th anniversary.
Albion Water currently has a customer base in four counties in the south of England, securing long-term agreements with a number of water suppliers.
With the purchase Wessex Water is able to align Albion Water with its own environmental services and continue to grow the company, securing the ambitions and original foresight of Dr Bryan since the 1990’s.
Dr Bryan was pleased to announce the sale, wishing the team at Wessex and Albion the best of luck as they build on achievements delivered so far and as the first competitive entrant into the water market takes its next purposeful steps.
Waterlevel remains in the competitive market and will build on this progress by pursuing growth for its wholly owned industrial NAV, Albion Eco, across water, energy and nutrient opportunities.