The board acquired the then Princes Hotel) on the seafront in Hove, East Sussex, and converted it to a headquarters.
[5] Seeboard Powerlink, a company owned by Seeboard, BICC and ABB, was awarded (on 13 August 1998) a 30-year contract to operate, maintain, finance and renew London Underground's high-voltage power distribution network, under the terms of the UK government's private finance initiative.
Seeboard Powerlink became responsible for distribution of high-voltage electricity supplies to London Underground's substations and more than 400 kilometres (250 miles) of track.
The contract included significant capital construction and installation works on the LUL power system valued at approximately £100 million.
In 2002 Seeboard joined 24seven Utility Services under the ownership of the LE Group, which then rebranded in 2003 to become EDF Energy Networks, the UK branch of Électricité de France, before being acquired by Cheung Kong Holdings and renamed UK Power Networks.