Affinity Water

Affinity Water is a UK supplier of drinking water to 3.8 million people in parts of London, eastern and south eastern England.[2] The company is owned by a consortium of Allianz, HICL and DIF Tamblin.[3]

Affinity Water Ltd
TypeLimited company
IndustryWater industry
Founded1 October 2012
HeadquartersHatfield, Hertfordshire
Area served
Parts of London, eastern and south eastern England
Key people
ProductsDrinking water
Production output
936 Ml (206 million imp. gal.)/day of drinking water (year ended 31 March 2022)[2]
ServicesWater supply
Revenue£320 million (year ended 31 March 2022)[2]
OwnerConsortium of Allianz (36.6%), HICL (36.6%) and DIF Tamblin (26.9%)[3]
Number of employees
1,407 (31 March 2022)[2]
Websitewww.affinitywater.co.uk

Affinity Water was established through the purchase of Veolia Water's UK water supply operations by Rift Acquisitions, an entity established by Morgan Stanley and M&G Investments, for £1.2 billion on 28 June 2012. The three separate Veolia Water-branded businesses: Veolia Water Central, Veolia Water Southeast and Veolia Water East were brought together as one company, under the Affinity Water brand on 1 October 2012.

Veolia Environnement retained a 10% stake in Affinity Water for five years from incorporation, using the proceeds of the disposal to reduce its debt, as part of a €5bn debt-reduction programme announced in December 2011.[4][5]

In May 2017, a consortium of Allianz, HICL and DIF purchased Morgan Stanley and M&G's 90% holding, followed by Veolia's 10% holding.[6]

Supply area

Affinity supplies three geographically distinct regions of England. The Central region serves parts of Bedfordshire, Buckinghamshire, Essex, Greater London, Hertfordshire and Surrey. The East region serves part of Essex. The Southeast region serves part of Kent.[7]

References
  1. "About us - Our board of directors". Affinity Water. Archived from the original on 11 October 2022. Retrieved 11 October 2022.
  2. "Affinity Water - Annual Report and Financial Statements for the year ended 31 March 2022" (PDF). Affinity Water. Archived (PDF) from the original on 9 October 2022. Retrieved 9 October 2022.
  3. "About us - Our Owners". Affinity Water. Archived from the original on 11 October 2022. Retrieved 11 October 2022.
  4. "Veolia sells UK water business for £1.2bn". BBC News Online. 28 June 2012. Archived from the original on 20 September 2012. Retrieved 21 September 2012.
  5. "Veolia cède son activité Eau Régulée au Royaume-Uni" (PDF) (Press release) (in French). Veolia Environnement. 28 June 2012. Archived from the original (PDF) on 2015-09-14. Retrieved 30 September 2012.
  6. "Allianz-backed consortium to buy Britain's Affinity Water". Reuters. 2 May 2017. Archived from the original on 11 March 2018. Retrieved 10 March 2018.
  7. "Affinity Water". www.affinitywater.co.uk. Archived from the original on 21 March 2019. Retrieved 24 May 2019.
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