📣 Veolia announces its biggest and most transformative #acquisition since the merger with Suez both for its growth acceleration in the U.S. and for the U.S. Hazardous waste. The Group has entered into an agreement with Enviri to acquire Clean Earth, a prime asset in the U.S. #hazardous #waste sector. ▪ Increased exposure into fast growing industries such as retail & healthcare to offer full range of environmental services across the US ▪ $3bn valuation, 9.8x 2026e EBITDA post run-rate synergies. Accretive from year 2 ▪ €2bn in asset disposals and portfolio transformation ▪ Veolia’s global Hazardous waste revenue to increase to €5.2bn, EBITDA margin to increase to 17% 'In line with our #GreenUp focus on growth boosters, this acquisition is a major step in the Group transformation and the strengthening of its financial profile. It allows us to unlock the full value potential of our US Hazardous Waste activities and to double our size on this critical fast growing sector, creating a number 2 player.' - Estelle Brachlianoff, Chief Executive Officer of Veolia. 🔗 Read the press release: https://lnkd.in/e58dgHEZ
Wow, this is a big one! Congratulatuons.
Outstanding achievement. Congrats to the ESS team under Bob and Julie’s leadership.
That's a BIG one 👏
What an exciting time to be at Clean Earth Inc.
Great move in many ways by #Veolia, 💚#GreenUp strategy in action - making it possible for Veolia to cover the US even more and help providing not only waste management but also Clean Water 💦 💙
Excited for this transition into Veolia and to be apart of such a large team of professionals in the environmental industry 🙌 🙂 .
A significant achievement for Veolia, delivered with real clarity of purpose. Sincere congratulations to all those who have worked to bring this forward.
Hoping the partnership is great for all of you!
What an great growth! Congratulations👏
Business Strategist and Growth Focused | People Leader | Circular Economy Champion | Sustainability Advocate | Executive Director of The Environmental Transformation Podcasts | Regulatory Compliance
20hThis is EPIC news! So excited for this acquisition and look forward to working with all the Clean Earth employees. This is what you call making a positive impact in people’s lives. I couldn’t be more proud of Veolia | North America and Kudos to our leadership for making this happen!