Eaga

Eaga
Public (LSE: EAGA)
Industry Energy
Founded 1990
Headquarters Newcastle upon Tyne, UK
Key people
 Charles Berry, Chairman
Drew Johnson, CEO
Revenue £762.2 million (2010)[1]
£42.4 million (2010)[1]
Profit £29.6 million (2010)[1]
Website www.eaga.com

Eaga plc was a British company supplying energy efficiency products. It was headquartered in Newcastle upon Tyne. In April 2011 it was acquired by Carillion.

History

The business was founded in 1990 in Newcastle upon Tyne as the Energy Action Grants Agency ('EAGA') Partnership[2] to administer the Home Energy Efficiency Scheme in the local area.[3] In 2000 it was restructured to become an employee owned business.[3] In 2005 it acquired Millfold[3] and in 2006 it acquired Everwarm and established HEAT.[3] It was first listed on the London Stock Exchange in 2007 following a £450 million Initial Public Offering.[4]

In 2008 the BBC appointed Eaga its preferred supplier for the Digital Switchover Help Scheme.[5]

In 2010 Eaga moved a number of their Newcastle staff to Partnership House in Gosforth, a building built by the troubled Northern Rock bank, and purchased by Newcastle City Council.[6] In December 2010 Eaga announced that it would be cutting 700 jobs across the country due to government cutbacks in the Warm Front grant.[7]

In April 2011 it was acquired by Carillion for £306 million.[8]

Operations

The Company was organised into the following segments:[9]

References

  1. 1 2 3 Annual Report 2010
  2. ↑ Energy Action Grants Agency Partnership
  3. 1 2 3 4 Eaga: History
  4. ↑ "Berry lands windfall from Eaga float". Scottish Herald. 2007-06-08. Retrieved 2011-06-01.
  5. ↑ "BBC appoints Eaga as the preferred supplier to the Digital Switchover Help Scheme". BBC. 2008-02-11. Retrieved 2008-10-08.
  6. ↑ "New offices for Eaga". eaga. 2009-04-22. Retrieved 2009-04-23.
  7. ↑ "Tyneside firm Eaga reveals major job cuts". Evening Chronicle. 2010-12-14. Retrieved 2011-01-02.
  8. ↑ "Carillion buys Eaga for £300m in bet on 'green home' revolution". Daily Telegraph. 2011-02-12. Retrieved 2011-11-21.
  9. ↑ "iReport - 6 - Annual Report 2010". global3digital.com. Retrieved 15 March 2015.

External links

This article is issued from Wikipedia - version of the Sunday, March 15, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.