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Councils to sell contracting firm
Councils to sell contracting firm
August 11,
2005
Waitakere and North Shore City Councils intend to sell their jointly-owned maintenance contracting company, Techscape, as part of a tender process for water services maintenance contracts.
Techscape has been a contractor to both cities since its formation in 2000, maintaining water services, parks, reserves, beaches and sports fields.
It is one of the larger water and wastewater maintenance operators in New Zealand, employing 286 staff at depots in Albany and Henderson.
Both councils intend to award the successful tenderer long term contracts for the councils' respective water services maintenance. The successful tenderer will be required to buy the company.
The public tender process will enable both councils to vet potential purchasers.
"This approach maximises value through open competition and provides both cities with the best opportunity to choose a buyer," says North Shore City's chief executive, John Brockies,
His Waitakere City counterpart, Harry O'Rourke, says together with the sale, the award of long term contracts will provide a strong foundation for the future of the company.
Deloitte will be handling the sale process and Opus Consulting is advising both councils on the tender process.
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