Veolia Environment S.A. has entered into an agreement with Enviri Corp. on the acquisition of the American Clean Earth for $ 3 billion. This is reported in the Veolia press release.
Financing of the transaction involves the use of available funds and loans. The transaction is expected to be completed in mid-2026 after regulatory approval.
The transaction value is 9.8 times higher than the estimated profit for 2026 before EBITDA, taking into account cost savings. The combined company will have a nationwide platform with 700 operating licenses and 19 processing plants.
The deal aims to expand Veolia's presence in the U.S. hazardous waste recycling sector as the company strategically refocuses into fast-growing markets, including the United States, where demand for hazardous waste recycling is growing in the high-tech manufacturing, semiconductor, and healthcare sectors.
To maintain financial stability and investment grade credit rating, Veolia also intends to sell non-core assets worth 2 billion euros ($2.17 billion) as part of a large-scale portfolio transformation. Since the launch of the GreenUp strategic plan, the company has sold assets worth 8.5 billion euros.
The acquisition of Clean Earth will increase Veolia's revenue from the sale of hazardous waste to 5.2 billion euros, and its EBITDA margin will be 17%.
Clean Earth is a waste management company, including recycling, transportation, soil restoration, decommissioning, etc. The company operates in the aerospace, construction, education, hospitality, pharmaceutical, and other industries. The headquarters is located in Allentown, Pennsylvania.
Enviri Corp. is an American environmental company with headquarters in Philadelphia, Pennsylvania. The company operates in 30 countries with a staff of 12 thousand people and is engaged in solving complex environmental problems in large industries.
Veolia Environmement S.A is a French multidisciplinary company in the field of water supply and purification (for municipal and industrial customers), utilities and energy (electricity supply, installation and maintenance of energy equipment). The headquarters is located in Paris (France). The staff consists of 215 thousand people in different countries. In 2024, sales amounted to 44.7 billion euros.
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