Hyder was a Welsh water, gas and electricity multi-utility and infrastructure company created in 1996. It broke up in 2001 following a financial crisis. Hyder PLC was created in 1996 following the takeover by Welsh Water of the electricity company SWALEC for £872m. By 1998 it was Wales' largest independent private employer, and had quadrupled its turnover since SWALEC was privatised in 1990. (since 1996?). Hyder owned Swalec and Swalec Gas brands and combined international, leisure, infrastructure and construction interests. Other subsidiary companies/brands of Hyder included Transis (operator of fleet vehicles), Laing Hyder (construction consortium), Hyder Investments, Celtic Infrastructure and Lusis (IT provider), several hotels in Wales, a small stake in cable company NTL and a 36% stake in Severoceske Vodovody a Kanalizace, the Czech water company. More information...
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