Pennon Group

Pennon Group plc
Public
Traded as LSE: PNN
Industry Water and waste
Founded 1989
Headquarters Exeter, Devon, UK
Key people
 Sir John Parker (Chairman), Susan Jane Davy (Group Director of Finance), Christopher Loughlin (Chief Executive), Ian James McAulay (Chief Executive)
Revenue £1,357.2 million (2015)[1]
£246.6 million (2015)[1]
£142.3 million (2015)[1]
Number of employees
 4,500
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

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

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

External links

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