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August 2006

 

Veolia Environnement to acquire Cleanaway UK

Veolia Environnement announced the purchase of Cleanaway Holdings Limited (Cleanaway UK) from Brambles Industries Limited and Brambles Industries plc for £595 million ($1,100 million US).

Cleanaway UK is a major operator in England and Wales in municipal and industrial waste collection and integrated waste management services, supported by a nationwide network of service centers and four landfill sites. It operates a high-temperature hazardous waste incinerator and two materials recycling facilities at Greenwich and Rainham. Cleanaway UK employs more than 7,500 people.

The acquisition will develop Veolia Environmental Services’ municipal business with the addition of new services and contracts, double the size of its commercial dry waste business with enhanced geographic coverage and route density and complement its current portfolio of recycling, treatment and disposal facilities.

The new Veolia Environmental Services entity in the UK will employ more than 13,000 employees and is expected to post strong organic revenue growth in the short and medium term. It expects significant cost synergies arising from procurement savings, route optimization, depots rationalization and central costs savings.

The transaction is subject to merger approval by the EU competition authorities.

Veolia Environnement now operates most of its businesses under a single name. Onyx has become Veolia Environmental Services.


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