Pennon Group completed the acquisition of Sutton and East Surrey Water from Sumitomo and Osaka Gas for $484m.

Pennon Group, a listed UK-focused environmental infrastructure group, completed the acquisition of Sutton and East Surrey Water, a water company, from Sumitomo, an electric services company, and Osaka Gas, a gas company, for $484m. "Pennon's acquisition will bring new opportunities to SES Water enabling us to further deliver on our ambitious plans for the future, whilst continuing to deliver a high-quality service to our customers. We share many of the same aspirations as Pennon and look forward to working with them to support our customers, our people, and the communities that we serve. The ambitious business plan that we have set out for the next 5 years will remain unchanged and with Pennon's support we believe we will be in a stronger position to deliver on our goals. I would like to take this opportunity to thank our out-going shareholders, Sumitomo Corporation and Osaka Gas for all their support over the last decade," Ian Cain, SES Water CEO.