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REMONDIS Australia // 11 April 2022
REMONDIS has acquired several Veolia and SUEZ sites, assets and customers
Significant expansion of REMONDIS’ footprint, including return to South Australia
Acquisition supported by ACCC in the interest of competitive tension in the waste sector
REMONDIS has completed one of its biggest phases of acquisition activity since arriving in Australia 40 years ago, having secured numerous competitor sites and operations across the country.
A spin-off of broader global waste sector acquisition activity, the commercial-in-confidence deal sees REMONDIS return to the South Australian market and boost its Australian footprint more broadly, in turn consolidating its position as one of the country’s foremost recycling and waste management players.
Specifically, REMONDIS is positioned to increase commercial, industrial and medical waste management and recycling offerings to new and existing clients across the B2G, B2B and B2C sectors.
The arrangements stem from Veolia Environnement S.A. (Veolia) acquiring Suez Environnement S.A. (SUEZ).
As part of that process, Veolia provided an undertaking to the Australian Competition and Consumer Commission (ACCC) to divest certain commercial, industrial and medical waste businesses and assets across Sydney, Adelaide and Perth to address competition-related concerns.
REMONDIS entered into a conditional sale agreement with Veolia in December 2021 and all conditions have since been met.
With the new arrangements coming into effect as of Saturday 9 April, REMONDIS has acquired the following Veolia and SUEZ businesses, assets and customers:
Bound by strict ACCC conditions, the acquisitions were overseen by an independent manager and auditor ensuring compliance with Veolia’s ACCC undertaking and smooth ownership transfer.
Eighty former SUEZ and Veolia employees have joined REMONDIS through this acquisition.
“This is a significant milestone in REMONDIS’ 40-year history in Australia,” REMONDIS Australia Chairman Björn Becker said.
“The deal enables us to re-establish a strong presence in South Australia and strengthen our footprint in Western Australia and New South Wales.
“The acquisition in Australia aligns with the REMONDIS Group’s global objectives of increasing investment in the areas of water, recycling and services.
“At every turn we’re deploying international best-practice to lift cost-efficient and environmentally sustainable waste management and recycling services to new levels.”
Repute Communications Matthew Watson M +61 417 691 884
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REMONDIS Australia Pty Ltd Head Office Level 4, 163 O’Riordan Street Mascot NSW 2020 Australia T +61 2 9032 7100
Customer Service: 13 73 73 Sales: 1300 802 072 Environmental Complaints: 1300 110 638
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