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.
 | |
| Company type | Public (LSE: EAGA) |
|---|---|
| Industry | Energy |
| Founded | 1990 |
| Defunct | 2011 |
| Fate | Bought by Carillion |
| Headquarters | , |
Key people | Charles Berry, Chairman Drew Johnson, CEO |
| Revenue | £762.2 million (2010)[1] |
| £42.4 million (2010)[1] | |
| £29.6 million (2010)[1] | |
| Website | www.eaga.com |
History
editThe 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] The Eaga name subsequently disappeared as the business took on the Carillion Energy Services brand.[9]
Operations
editThe Company was organised into the following segments:[10]
- Carbon services
- Heating & renewables
- Managed services
References
edit- ^ a b c Annual Report 2010
- ^ Energy Action Grants Agency Partnership[permanent dead link]
- ^ a b c d "Eaga: History". Archived from the original on 3 July 2008. Retrieved 8 August 2009.
- ^ "Berry lands windfall from Eaga float". Scottish Herald. 8 June 2007. Retrieved 1 June 2011.
- ^ "BBC appoints Eaga as the preferred supplier to the Digital Switchover Help Scheme". BBC. 11 February 2008. Retrieved 8 October 2008.
- ^ "New offices for Eaga". eaga. 22 April 2009. Archived from the original on 27 December 2010. Retrieved 23 April 2009.
- ^ "Tyneside firm Eaga reveals major job cuts". Evening Chronicle. 14 December 2010. Retrieved 2 January 2011.
- ^ "Carillion buys Eaga for £300m in bet on 'green home' revolution". Daily Telegraph. 12 February 2011. Retrieved 21 November 2011.
- ^ "Carillion Energy Services boosts owner's profits". The Journal. 25 June 2013. Retrieved 20 January 2018.
- ^ "iReport - 6 - Annual Report 2010". global3digital.com. Retrieved 15 March 2015.
External links
edit- Official site (now redirects to Carillion)