Eaga

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.

Eaga
TypePublic (LSE: EAGA)
IndustryEnergy
Founded1990
Defunct2011
FateBought by Carillion
Headquarters
Newcastle upon Tyne
,
UK
Key people
Charles Berry, Chairman
Drew Johnson, CEO
Revenue£762.2 million (2010)[1]
£42.4 million (2010)[1]
£29.6 million (2010)[1]
Websitewww.eaga.com

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] The Eaga name subsequently disappeared as the business took on the Carillion Energy Services brand.[9]

Operations

The Company was organised into the following segments:[10]

  • Carbon services
  • Heating & renewables
  • Managed services

References
  1. Annual Report 2010
  2. Energy Action Grants Agency Partnership
  3. "Eaga: History". Archived from the original on 3 July 2008. Retrieved 8 August 2009.
  4. "Berry lands windfall from Eaga float". Scottish Herald. 8 June 2007. Retrieved 1 June 2011.
  5. "BBC appoints Eaga as the preferred supplier to the Digital Switchover Help Scheme". BBC. 11 February 2008. Retrieved 8 October 2008.
  6. "New offices for Eaga". eaga. 22 April 2009. Archived from the original on 27 December 2010. Retrieved 23 April 2009.
  7. "Tyneside firm Eaga reveals major job cuts". Evening Chronicle. 14 December 2010. Retrieved 2 January 2011.
  8. "Carillion buys Eaga for £300m in bet on 'green home' revolution". Daily Telegraph. 12 February 2011. Retrieved 21 November 2011.
  9. "Carillion Energy Services boosts owner's profits". The Journal. 25 June 2013. Retrieved 20 January 2018.
  10. "iReport - 6 - Annual Report 2010". global3digital.com. Retrieved 15 March 2015.
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