In 1989, England and Wales privatized the water industry. Soon after, South West Water Plc was launched to take up the task of water management. The company acquired a number of companies along the way and later changed the name to Pennon Group Plc in 1998. Pennon has grown into a major company focusing on two major lines of business, namely, water and sewerage services, and waste management.
The company operates through two principal subsidiaries. On the one hand, South West Water Ltd handles the water and sewerage services segment. The subsidiary serves parts of the United Kingdom, like Dorset, Somerset, Cornwall, and Devon. On the other hand, Viridor Waste Limited handles waste treatment and disposal assignments across the UK. The company has its headquarters in Exeter, United Kingdom. Pennon joined the London Stock Exchange soon after incorporation in 1989. The company’s stock is a constituent of the FTSE 250 component.