ABOUT US OUR CORE BUSINESSES INVESTOR INFORMATION SUSTAINABILITY MEDIA CONTACT US SEARCH Group History You are here: Home/About us/Group History 2021 Pennon announces acquisition of Bristol Water Group View announcement 2020 Pennon completes sale of Viridor (July 2020) View the annoucement Pennon announces proposed sale of Viridor for £4.2bn to KKR (March 2020) View the announcement South West Water accepts Final Determination from Ofwat for 2020-25 (February 2020) View the announcement View the investor summary 2019 Pennon receives ‘Green Economy Mark’ accreditation from London Stock Exchange – for companies who generate 50-100% of total revenues from products/services contributing to a global green economy (October 2019) Viridor announces joint venture with Grundon Waste Management Limited to build a new ERF in West Sussex (September 2019) View the Trading Statement Draft determination for South West Water’s K7 business plan (April 2019) Committed £65million investment in new plastics recycling facility at Avonmouth (April 2019) South West Water’s business plan for 2020-25 awarded fast-track status by Ofwat (Jan 2019) View the announcement View presentation 2018 Increased stake in Runcorn I ERF joint venture from 37.5% to 75% (December 2018) Pennon becomes first water services and waste management utility to secure Fair Tax Mark (December 2018) View the announcement South West Water submits ‘New Deal’ business plan for 2020-25 (September 2018) View the announcement View the investor summary 2017 Opening of the non-household retail market (April 2017) View the half year statement 2016 Announced Joint Venture between Pennon Water Services and South Staffordshire Group Plc (November 2016) Committed to 12th ERF at Avonmouth, near Bristol (November 2016) Chris Loughlin appointed as Group Chief Executive Officer (January 2016) Bournemouth Water successfully transferred to South West Water (April 2016) 2015 Peterborough ERF completed and operational (December 2015) The acquisition and subsequent merger of South West Water and Bournemouth Water was unconditionally cleared by the Competition and Markets authority (CMA) on 5 November 2015. View the announcement Sir John Parker appointed as Chairman (April 2015) Acquisition of Bournemouth Water from Sembcorp Holdings Limited Cash resources used for the Bournemouth Water acquisition replenished through an equity placing of £100.3m in April 2015. View the announcement Beddington ERF - Notice to Proceed with construction issued in June 2015 A further three ERFs delivered before the end of the 2014/15 financial year: Cardiff, Runcorn I and Runcorn II. 2014 Final Determination for South West Water - December 2014 View the announcement Oxford ERF - Takeover completed in November and plant operational Exeter ERF - Takeover completed in July and plant fully operational Draft Determination for South West Water - April 2014 View the announcement Download the investor summary South West Water designated an 'enhanced' company by Ofwat View the announcement 2013 Residual Waste Treatment Contract Signed View the announcement Business Plan Submission to Ofwat View the announcement Peterborough 30-year Residual Waste Treatment Contract signed View the announcement Response to Further OFWAT Section 13 Notice to Modify Water Company Licences View the announcement 2012 Response To Ofwat Section 13 Notice To Modify Water Company Licences View the announcement 25 Year South London Residual Waste Treatment Contract signed 5 November 2012 View the announcement Glasgow City Council Residual Waste Treatment Services Contract signed View the announcement 2011 Oxfordshire Residual Waste Treatment PPP Contract signed View the announcement 2010 Completion of £400m clean water mains rehabilitation programme which saw 5,000km of water mains relined or replaced over 10 years Acquisition of Pearsons Group Holdings Limited for £16m View the announcement Acquisition of Reconomy recycling companies for a cash consideration of £23.8m View the announcement South West Water accepts Final Determination View the announcement 2009 Ofwat Final Determination of price limits for K5 period (2010 - 2015) received by South West Water. Next Determination due in 2014. View the announcement Intercontinental Recycling acquired for a cash consideration of £8.1m Download the announcement London Recycling Limited acquired for a cash consideration of £11m View the announcement Greater Manchester PFI Contract Completion View the announcement 2008 South London Waste Partnership won View the announcement Shore Recyling Ltd acquired for a cash consideration of £23m View the announcement 2007 Launch of pioneering customer support scheme 'Water Care' by South West Water Read more about Water Care on South West Water website Grosvenor Waste Management Ltd acquired for a cash consideration of £79.5m (plus debt of £1.5m) View the announcement Skipaway Holdings Limited acquired for £14.7m View the announcement Viridor/Laing consortium announced as preferred bidder for Greater Manchester Waste Disposal Authority PFI View the announcement 2006 Wyvern Waste acquired for £25.4m and 25 year PPP agreement entered into with Somerset County Council View the announcement £148.5m return of capital to shareholders by way of a B Share Scheme and share buy-back (announced with 2005 Interim Results) Download the report All 144 bathing waters in the South West region achieved 100% compliance with the EU Mandatory Standard 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 View the announcement Brett Waste Management acquired. View the announcement 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 View the announcement 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 View the announcement West Sussex integrated waste contract commenced. 2003 Churngold Holdings Limited acquired for £19.8m View the announcement 2002 Parkwood Holdings Limited acquired for £20.6m View the announcement Torbay £97m 'Clean Sweep' scheme completed Sale of Viridor Instrumentation for £103.6m and special interim dividend paid to shareholders from the net sale proceeds View the announcement 2000 Sale of Viridor Contracting for £10.9m View the announcement 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 Plymouth £63m 'Clean Sweep' scheme completed 1997 Landfill activities of Terry Adams acquired, initially for £76.6m. (Contingent considerations amounting to £7.9m followed). Download the announcement 1996 Bid approaches from Wessex and Severn Trent disallowed by the Board of Trade 1995 Blue Circle Waste Management acquired for £70.7m Download the announcement 1993 Purchase of the first of our waste companies, Haul Waste Limited for £28.7m, later renamed Viridor Waste Management Limited. Many other waste companies, small and large, have been purchased since 1993. The most significant transactions are given above. Download the announcement 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. Roadford Reservoir completed providing 34,500 megalitres of water storage You may also be interested in... 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