Pennon Group

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Pennon Group plc
Type Public
Traded as LSEPNN
Industry Water and waste
Founded 1989
Headquarters Exeter, Devon, UK
Key people Ken Harvey, (Chairman)
Colin Drummond, (CEO)
Revenue £1,201.1 million (2013)[1]
Operating income £246.3 million (2013)[1]
Net income £26.9 million (2013)[1]
Website pennon-group.co.uk

Pennon Group plc is a British water utility and waste management company based in Exeter, Devon in the United Kingdom. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The company was founded in 1989 as South West Water plc at the time of the privatisation of the Water Industry in England.[2] In 1993 it acquired Haul Waste and in 1995 it bought Blue Circle Waste Management.[2] It changed its name to Pennon Group plc in 1998.[2]

The company successfully saw off a takeover bid from Terra Firma in 2004.[3]

It acquired Thames Waste Management in 2004,[4] Wyvern Waste in 2006,[5] Grosvenor Waste Management[6] and Skipaway Holdings in 2007[7] and Shore Recycling in 2008.[8]

Operations[edit]

The company's main asset is South West Water, which supplies water and sewerage services in Cornwall, Devon and parts of Dorset and Somerset.[9] It also owns Viridor, a waste management business.[10]

References[edit]

External links[edit]