Jan 10, 2024
Pennon Group buys Sutton East Surrey Water for £380m
Pennon Group has bought Sutton and East Surrey Water for £380m in a bid to expand its foothold in Southern England. SES is one of six water-only providers in England, with sewage treatment services provided by Thames Water and Southern Water serving customers in Southern England. It's Japanese owners, Sumitomo Corporation and Osaka Gas, put the business up for sale in February 2023, just as water companies faced a wave of protests across the country over the impact on water ways and services. If the deal goes ahead, Pennon Group, which owns South West Water will add SES's 750,000 customers to its books. It follows Pennon's previous acquisitions of Bournemouth Water and Bristol Water.
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