SUEZ reintegrates major UK waste business after acquiring it back from Veolia
December 06, 2022 at 10:03 am
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SUEZ announces that it has completed the acquisition from Veolia of its former waste management assets in the UK ('SUEZ recycling and recovery UK'). With an annual turnover of more than GBP900 million and a leading position on the UK market, one of the major businesses acquired by Veolia is now back with SUEZ.
SUEZ recycling and recovery UK has a vast presence in the United Kingdom with more than 300 sites throughout the country and a portfolio of over 25,000 customers, from both the public and private sectors.
As a fully integrated business operating along the entire waste value chain-from collection, to processing, to energy recovery-SUEZ recycling and recovery UK occupies a unique position when it comes to new ways of treating waste in accordance with national policy and regulatory reforms.
The acquisition of SUEZ recycling and recovery UK is a major strategic step for the SUEZ Group. It will pave the way to: accelerate the growth of waste management activities, in particular by enhancing the Group's expertise in new treatment methods (material re-use, recycling, creation of alternative fuels and energy-from-waste). speed up the international growth and the increase in the share of revenues from international business from the current 25% to around 40% by 2027. This step follows the acquisition last October of EnviroServ, the leading waste management company in South Africa.
This acquisition brings around 6,000 employees into the SUEZ workforce. The business they operate generates an annual turnover of more than GBP900 million.
With the reintegration of SUEZ recycling and recovery UK, SUEZ reaffirms its commitment to one of the most important waste markets in Europe. SUEZ recycling and recovery UK has progressively transformed itself over the last few years with the development of recycling and waste recovery, particularly energy recovery. In a market that is undergoing major changes, this expertise will considerably strengthen the Group's leadership position in new waste treatment methods wherever we are.
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.6%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (32.4%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and other (10.4%).