SUEZ reintegrates major UK waste business after acquiring it back from Veolia
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 £900 million and a leading position on the UK market, one of the major businesses acquired by Veolia is now back with SUEZ.
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 £900 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.
Sabrina Soussan , Chairman and CEO of SUEZ