- Donarbon manages waste in Cambridgeshire and will expand Ferrovial’s backlog by 480 million pounds sterling.
- The UK is a priority market for AmeyCespa, which was recently named Preferred Bidder for a contract in North Yorkshire and York.
Through AmeyCespa, a joint venture of its subsidiaries Amey and Cespa created to operate in the UK, Ferrovial Servicios has completed the purchase of Dickerson Group and its UK waste management company Donarbon. Donarbon’s assets include a waste management contract in Cambridgeshire under a Private Finance Initiative (PFI), The acquisition cost £48.6 million.
Donarbon has waste treatment facilities, including a c4.5 million cubic meter landfill. It operates further 2 transfer stations, 9 household waste recycling centers, as well as other industrial and commercial services. The deal adds 480 million pounds sterling (580 million euro) to Ferrovial’s backlog. At the end of June 2010, the Servicios division had a backlog of 11.427 billion euro, i.e. 15% more than in December 2009 This acquisition enhances Ferrovial Servicios’ growth potential and diversification. One of the company’s strategic priorities is entering the waste management business in the UK. To this end, it created subsidiary AmeyCespa, which capitalizes on Cespa’s leading position in waste management in Spain and Amey’s extensive knowledge of the UK market.
Santiago Olivares, CEO of Ferrovial Servicios: “The Donarbon acquisition is strategic for Ferrovial Servicios, since it enhances Ferrovial’s end-to-end offering for local authorities in the UK and is a clear example of the synergy between group subsidiaries in offering comprehensive value-added services to our clients”. AmeyCespa was recently named Preferred Bidder in a waste management PFI in North Yorkshire and York and it is short-listed for a similar contract in Norfolk. The acquisition of Donarbon provides the company with an existing operational base in the UK, which will facilitate business development.
Cespa’s CEO, Javier Llansó: “This purchase reinforces Cespa’s bid for international expansion and its ability to leverage its experience to continue expanding into new markets. In cooperation with Amey and with our proven capacity for innovation, technology and management, we can offer the UK market the same broad range of environmental services that we are currently providing to over 850 municipalities in Spain”.
