- Acquisition of Enviropacific (Next Capital portfolio) by Veolia valued at ~AUD 220 million (enterprise value), subject to financial close and customary conditions.
- Enviropacific reported FY25 revenue of ~AUD 250 million and employs nearly 300 people.
- Deal expands Veolia's PFAS and soil remediation capabilities in Australia, adding assets such as thermal, soil‑washing and water treatment sites and on‑site treatment expertise.
- Veolia aims for €1 billion revenue from PFAS and micropollutant treatment by 2030 under its BeyondPFAS offering.
Transaction
Veolia will acquire Enviropacific, a Next Capital portfolio company, for approximately AUD 220 million (enterprise value), subject to financial close and customary conditions; Enviropacific reported FY25 revenue of ~AUD 250 million and employs nearly 300 people.
Capabilities added
The deal expands Veolia’s remediation, water treatment and hazardous-waste capabilities in Australia, adding soil remediation, contaminated waste and PFAS treatment, on-site technical projects and assets such as thermal treatment, soil‑washing, landfill and water treatment sites.
Market context
PFAS contamination—largely from historical firefighting foams at defence sites, airports and industrial facilities—has affected soil and groundwater across regions; strengthened regulation is driving large-scale monitoring and cleanup and increasing demand for advanced treatment solutions.
Expected impact
This tuck-in acquisition is intended to accelerate geographic expansion, integrate client pipelines and create value through revenue growth and operational synergies by combining Veolia’s technologies with local engineering and field expertise; it also supports the group’s target of €1 billion in revenue from PFAS and micropollutant treatment by 2030 under its BeyondPFAS offering.
