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Hyder owned Swalec and Swalec Gas brands and combined international, leisure, infrastructure and construction interests. Other subsidiary companies/brands of Hyder included
Transis (operator of fleet vehicles), Laing Hyder (construction consortium), Hyder Investments, Celtic Infrastructure and Lusis
223:. The cash boost, however, was not enough to prevent a 30% fall in pre-tax profits, and following the final outcome of the unfavourable Ofwat price review, Hyder was vulnerable to a takeover.
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for a reported £105m. The sale included the Swalec retail brand, whilst Hyder retained the Swalec electricity distribution business (i.e. running the electricity network) which was renamed
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for £872m. By 1998 it was Wales' largest independent private employer, and had quadrupled its turnover since SWALEC was privatised in 1990. (since 1996?).
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However, the debt taken on to finance the takeover of Swalec left the company vulnerable to external shocks. In these circumstances, the 1998
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price review made Hyder's share price plummet (from a peak of 1048p in
January 1998, to a low of 179p in March 2000).
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on the utilities introduced by the new Labour government, combined with the price cuts required by the 1999
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while remaining subsidiaries in areas such as gas and engineering consultancy were sold off by
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and infrastructure company created in 1996. It broke up in 2001 following a financial crisis.
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In
February 2000, the retail electricity and gas business under the Swalec brand was sold to
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and Hyder
Business Services (HBS). Hyder's IT organisation was acquired by
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Hyder's name and logo used to be prominent in the seating at
Cardiff's
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Thomas, Dennis (2000), "Hyder: the rise and fall of a multi-utility",
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Hyder was acquired in
September 2000 following a four-month
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and a 36% stake in
Severoceske Vodovody a Kanalizace, the
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Hyder PLC was created in 1996 following the takeover by
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Sale of SWALEC electricity and gas retail and supply
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279:Chief executive Graham Hawker went on to run the
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353:news releases including financial statements
245:Hyder's electricity distribution subsidiary
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308:. The Hyder logo is also still used by HBS
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304:. Hyder still remains as a brand used by
234:(WPD) - a subsidiary of the US utilities
145:Learn how and when to remove this message
297:) is the Welsh word for 'Confidence'.
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383:Energy companies established in 1996
343:Purchase and sale of SWALEC - prices
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373:Companies disestablished in 2001
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211:The sale and break-up of Hyder
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358:Hyder Business Services (HBS)
262:company limited by guarantee
291:The name Hyder (pronounced
180:of the electricity company
164:water, gas and electricity
16:Defunct Welsh water company
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268:or other means, including
251:Western Power Distribution
232:Western Power Distribution
47:Water, gas and electricity
249:was rebranded as part of
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281:Welsh Development Agency
100:This article includes a
260:, was sold by WPD to a
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256:The water subsidiary,
201:windfall profits tax
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302:Millennium Stadium
266:management buy-out
102:list of references
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322:Utilities Policy
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121:Please help
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76:Headquarters
34:Company type
258:Welsh Water
178:Welsh Water
127:introducing
38:Corporation
367:Categories
315:References
276:in 2001.
20:Hyder plc
247:Infralec
228:takeover
221:Infralec
135:May 2024
71:broke up
44:Industry
172:History
123:improve
80:Cardiff
60:Defunct
52:Founded
274:Logica
182:SWALEC
160:was a
205:Ofwat
194:Czech
162:Welsh
158:Hyder
108:, or
238:and
68:Fate
63:2001
55:1996
190:NTL
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