Pennon Group
| File:PennonGroupLogo.PNG | |
| 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
- ↑ 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 2.0 2.1 2.2 Pennon Group: History
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Pennon's Viridor Waste Management buys Wyvern Waste Services for 25 mln stg Finanznachrichten, 15 May 2006
- ↑ Viridor buys Grosvenor Waste Management for £81m Let's recycle, 5 December 2007
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Pennon Group: South West Water
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
