Scottish & Southern Energy has consolidated its position as the UK’s largest streetlight contractor after snapping up a maintenance company from rival EDF. Perth-based SSE said it had paid £7.8 million for Seeboard Trading, which maintains and replaces street lighting for three English local authorities under the Private Finance Initiative (PFI). The projects, for authorities in Dorset and London, cover around 90,000 street lighting columns on contracts which have al least 20 years left to run. Prior to the deal, SSE already had contracts with 26 local authorities throughout Scotland, Wales and England, to replace and maintain more than 1.2 million streetlights, making it the largest street lighting contractor in the UK. Chief operating officer Colin Hood said additional PFI contracts are expected to be awarded before 2010, making the acquisition “a unique opportunity to build further our presence in this increasingly important sector”. Under the latest deal around 70 employees will transfer to SSE.
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