Waste
|Africa
SUEZ and its partners complete the acquisition of EnviroServ, South Africa’s largest waste management company
On 30th September 2022, SUEZ together with Royal Bafokeng Holdings (RBH) and African Infrastructure Investment Managers (AIIM) completed the acquisition of EnviroServ Proprietary Holdings Limited and its subsidiaries (“EnviroServ”) after having received the approval of the local antitrust authorities, in accordance with the terms announced on 9th June, 2022. This acquisition will enable SUEZ to reinforce its positioning as an international leader in industrial and municipal waste treatment activities and to strengthen its position on the African continent.
Founded in 1979, EnviroServ collects, treats, and disposes of general and hazardous waste to treatment and disposal facilities across South Africa, Mozambique, and Uganda. With a staff of 2,200 people and a turnover in excess of 80 million euros, it is the only player in South Africa with full national coverage and a complete offering for industries (including on-site management, collection, treatment, remediation and related services). EnviroServ’s portfolio of customers includes a number of multinational firms operating in the petrochemicals, manufacturing, metallurgical and mining sectors.
EnviroServ contributes to the circular economy by recycling 125 000 tons and managing 1.7 million tons of hazardous and general waste per year. The company owns and operates a fleet of 175 specialized waste-transport vehicles,10 treatment and disposal sites and manages a further 5 facilities within the 3 countries where it operates. Thanks to the large portion of local shareholding1, EnviroServ will remain committed to retaining its B-BBEE Level 1 rating2, the highest Broad-Based Black Economic Empowerment level possible.
The acquisition will contribute to balancing SUEZ international exposure, with a long-term objective of increasing international turnover from the current 25% to around 40% in 2027. It also highlights the Group’s strategic focus on waste management and selective growth in key international markets.
EnviroServ contributes to the circular economy by recycling 125 000 tons and managing 1.7 million tons of hazardous and general waste per year. The company owns and operates a fleet of 175 specialized waste-transport vehicles,10 treatment and disposal sites and manages a further 5 facilities within the 3 countries where it operates. Thanks to the large portion of local shareholding1, EnviroServ will remain committed to retaining its B-BBEE Level 1 rating2, the highest Broad-Based Black Economic Empowerment level possible.
The acquisition will contribute to balancing SUEZ international exposure, with a long-term objective of increasing international turnover from the current 25% to around 40% in 2027. It also highlights the Group’s strategic focus on waste management and selective growth in key international markets.
EnviroServ’s acquisition is a major step towards SUEZ’s new ambition. As the leading waste management company in South Africa and a key player on new waste treatment modes, EnviroServ will enable the Group to expand its activities in Southern Africa as well as support its business in other geographies. I am convinced that EnviroServ team’s skills, expertise and talents will be a key asset for the Group in its new phase of development.
Sabrina Soussan , Chairman and CEO of SUEZ
Albertinah Kekana, CEO of RBH: "As the first waste and water management platform investment for RBH, we are pleased that the EnviroServ acquisition is now complete. This is an opportunity to further diversify our portfolio and grow our exposure in the circular economy. We look forward to working with our partners as we strive to make a meaningful contribution and respond to the sustainable development agenda"
Present on the African continent since the construction of the Sherbine water treatment plant in Egypt in 1948, SUEZ has built more than 500 drinking water and sanitation plants that serve most African capitals. SUEZ is notably present today in Morocco, Egypt, Senegal, Tunisia and Côte d’Ivoire.
Present on the African continent since the construction of the Sherbine water treatment plant in Egypt in 1948, SUEZ has built more than 500 drinking water and sanitation plants that serve most African capitals. SUEZ is notably present today in Morocco, Egypt, Senegal, Tunisia and Côte d’Ivoire.
1 EnviroServ: SUEZ 51%, RBH 24.5% and AIIM’s IDEAS Managed Fund 24.5%
2 B-BBEE: Broad-Based Black Economic Empowerment is a programme which the government of South Africa has put in place to promote an equal-opportunity economy. B-BBEE is based on five key elements: ownership, management, skills development, enterprise and supplier development and socio-economic development.
2 B-BBEE: Broad-Based Black Economic Empowerment is a programme which the government of South Africa has put in place to promote an equal-opportunity economy. B-BBEE is based on five key elements: ownership, management, skills development, enterprise and supplier development and socio-economic development.
Contacts
Press: Pauline Le Bihan
+33 (0) 6 81 69 57 82