Pennon Group Plc
Pennon Group Plc

About Us

Group History

2009

Intercontinental Recycling acquired for a cash consideration of £8.1m


South West Water Draft Determination in respect of the K5 period (2010 - 2015)


London Recycling Limited acquired for a cash consideration of £11m


Greater Manchester PFI Contract Completion


2008

South London Waste Partnership won


Shore Recyling Ltd acquired for a cash consideration of £23m


2007

Grosvenor Waste Management Ltd acquired for a cash consideration of £79.5m (plus debt of £1.5m)


Skipaway Holdings Limited acquired for £14.7m


Viridor/Laing consortium announced as preferred bidder for Greater Manchester Waste Disposal Authority PFI


2006

Wyvern Waste acquired for £25.4m and 25 year PPP agreement entered into with Somerset County Council


£148.5m return of capital to shareholders by way of a B Share Scheme and share buy-back (announced with 2005 Interim Results)


South West bathing waters 100% compliant for the first time


Over half of South West Water's domestic customers on meters for the first time


2005

Lakeside Energy from Waste Limited 50:50 joint venture established with Grundon Waste Management


Brett Waste Management acquired


All of the major projects in South West Water's 15 year "Clean Sweep" bathing water compliance programme completed


2004

Thames Waste Management acquired for £30.8m


Ofwat Final Determination of price limits for K4 period (2005 - 2010) received by South West Water. Next Determination due in 2009.


Bid Approach from Terra Firma rebuffed

West Sussex integrated waste contract commenced


2003

Churngold Holdings Limited acquired for £19.8m


2002

Parkwood Holdings Limited acquired for £20.6m


Sale of Viridor Instrumentation for £103.6m and special interim dividend paid to shareholders from the net sale proceeds


2000

Sale of Viridor Contracting for £10.9m


1998


Group changes its name to Pennon Group Plc to better reflect the success of the Group's strategy of building two different areas of operational focus, SWW and Viridor


1997

Landfill activities of Terry Adams acquired, initially for £76.6m. (Contingent considerations amounting to £7.9m followed)


1996


Bid approaches from Wessex and Severn Trent disallowed by the Board of Trade


1995

Blue Circle Waste Management acquired for £70.7m


1993

Purchase of the first of our waste companies, Haul Waste Limited for £28.7m, later renamed Viridor Waste Limited. Many other waste companies, small and large, have been purchased since 1993. The most significant transactions are given above.


1991


Interim Determination of K (IDoK) to fund South West Water's accelerated bathing water compliance programme


1989


Privatisation of the water industry in England and Wales. South West Water Plc one of ten water and sewerage companies launched on the London Stock Exchange



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