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REMONDIS Australia // 21 December 2021
REMONDIS to acquire various Veolia and SUEZ businesses, 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 is set to significantly expand its footprint in Australia and become one of the nation’s leading recycling and water management operators off the back of global industry acquisition activity. As a result, REMONDIS is able to offer its existing and new customers from the B2G, B2B and B2C sectors a wider and improved range of services.
Amidst Veolia Environnement S.A. (Veolia) acquiring Suez Environnement S.A. (SUEZ), Veolia provided the Australian Competition and Consumer Commission (ACCC) with enforceable undertakings (Undertakings) to divest key commercial, industrial and medical waste businesses and assets across Sydney, Adelaide and Perth to address specific concerns of the ACCC.
In that context, REMONDIS has entered into binding commitments to acquire various local Veolia and SUEZ businesses, assets and customers, including
The arrangements would see all Veolia and SUEZ staff transfer to REMONDIS, who will be warmly welcomed by the REMONDIS team.
The acquisitions are subject to strict conditions set out in the Undertakings, including completion of the global Veolia-SUEZ merger and the appointment of an independent manager and auditor to ensure smooth ownership transfers and compliance with the Undertakings.
REMONDIS is hopeful the acquisition process will be completed as soon as possible.
Financial aspects of the acquisitions are commercial in confidence.
The arrangements would see REMONDIS establish a strong presence in South Australia as well as strengthen REMONDIS’ footprint in Western Australia, New South Wales and other states across the country with a market leading position in commercial, industrial and medical waste management and recycling. This acquisition is fully in line with REMONDIS' intention to increase investment in the areas of water, recycling and services in Australia and New Zealand. In keeping with its strategy of closing the loop, REMONDIS focuses on recycling and recovering commodities from residual waste. Furthermore, REMONDIS contributes its extensive knowledge in the field of energy from waste.
“If completed, the acquisitions would be one of the most significant commercial milestones for REMONDIS since entering the Australian market nearly forty years ago,” REMONDIS Australia CEO Björn Becker said.
“The decision by the ACCC to boost competitive tension by ensuring these businesses were offered to a third waste management operator is welcome.”
“It’s a win for everyone who relies on cost-efficient and environmentally-sustainable waste management and recycling services, in line with international best practice.”
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
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