Plans to merge Bournemouth Water with South West Water were given unconditional clearance by the Competition and Markets Authority (CMA) in November 2015. The merger became official on 1 April 2016 and the integration process has been progressing well with a new management structure in place. During K6 (2015-2020) c.£27 million of synergies (net of restructuring costs) is set to be achieved through a combination of:
• the merging of the two companies’ wholesale and retail operations
• the creation of a single, centralised support function
• the sharing of best practice to form common systems and processes
• supply chain efficiencies.
A new single legally separate company, Pennon Water Services, has been created which will provide retail and water management services for our c.85,000 non-household customers, who will be eligible for the new water retail market in 2017. The new market will move into a period of shadow operation in October 2016 prior to formal opening in April 2017.
05 Nov 2015
30 Sep 2015
03 Jul 2015
16 Apr 2015