Veolia to Acquire Clean Earth for $3 Billion to Double US Hazardous Waste Business
Reuters
Nov 21
Veolia to Acquire <a href="https://laohu8.com/S/CLINR">Clean Earth</a> for $3 Billion to Double US Hazardous Waste Business
Veolia Environnement is set to acquire Clean Earth from Enviri, in a deal that will double the size of its U.S. hazardous waste operations and establish Veolia as the second-largest player in the sector. The acquisition is expected to generate $120 million in synergies by year four and will result in Veolia's hazardous waste revenue reaching €5.2 billion, with an EBITDA margin of 17%. The company forecasts EBITDA growth of at least 10% in its hazardous waste activities from 2024 to 2027. Veolia's overall U.S. revenue will rise to $6.3 billion following this transaction, which is anticipated to close by mid-2026, subject to customary closing conditions. Clean Earth is projected to deliver $1.03 billion in revenues and $200 million in EBITDA by 2026.
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