Enterprise buys meter firm from Severn Trent

ENTERPRISE plc has bought Severn Trent Metering Services (STMS) – the meter installation business of Severn Trent Water – for an undisclosed sum.

STMS carry out meter installations for domestic and commercial customers, meter maintenance and battery exchange for electronic meters.

STMS workers will transfer to Leyland-based Enterprise following the deal.

Dan Holland, Managing Director of Utilities and Defence at Enterprise said “We are delighted to welcome STMS to our business and look forward to further embedding our growth in the metering markets.”

Severn Trent Water said its decision to sell the business “has been made in response to changes in the UK market, with water companies increasingly looking for metering and repair and maintenance as a single package.”

Enterprise has also announced a 3.5% increase to £1.13bn.