- Veolia acquires Clean Earth for $3bn, valuing it at 9.8x 2026e EBITDA.
- The acquisition doubles Veolia's US hazardous waste size, making it the number 2 player.
- Veolia plans €2bn in asset disposals and portfolio transformation.
- Global hazardous waste revenue to rise to €5.2bn, with EBITDA margin increasing to 17%.
Acquisition Details
Veolia has agreed to acquire Clean Earth, a leading US hazardous waste company, for $3 billion. This acquisition values Clean Earth at 9.8 times its estimated 2026 EBITDA, post run-rate synergies.
Market Position
The acquisition will double the size of Veolia's US hazardous waste operations, positioning it as the second-largest player in the US market. This move significantly enhances Veolia's presence in fast-growing industries such as retail and healthcare.
Financial Impact
Veolia plans to dispose of €2 billion in assets as part of its portfolio transformation strategy. The company's global hazardous waste revenue is expected to increase to €5.2 billion, with an EBITDA margin rising to 17%.
Strategic Growth
This acquisition is a key component of Veolia's GreenUp strategic plan, aimed at boosting growth in the United States and hazardous waste activities. The transaction is expected to be accretive from the second year, offering significant synergies and value creation potential.
