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
FateBought by Carillion
Founded1990
Defunct2011
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 2008-07-03. Retrieved 2009-08-08.
  4. "Berry lands windfall from Eaga float". Scottish Herald. 2007-06-08. Retrieved 2011-06-01.
  5. "BBC appoints Eaga as the preferred supplier to the Digital Switchover Help Scheme". BBC. 2008-02-11. Retrieved 2008-10-08.
  6. "New offices for Eaga". eaga. 2009-04-22. Archived from the original on 2010-12-27. Retrieved 2009-04-23.
  7. "Tyneside firm Eaga reveals major job cuts". Evening Chronicle. 2010-12-14. Retrieved 2011-01-02.
  8. "Carillion buys Eaga for £300m in bet on 'green home' revolution". Daily Telegraph. 2011-02-12. Retrieved 2011-11-21.
  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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