STOCK TITAN

Séché Environnement: Closing of Acquisition of Veolia’s Industrial Water Treatment Services Business

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary

Séché Environnement has completed its acquisition of Veolia’s industrial water treatment services business in France, effective today. This transaction, finalized for approximately €30 million, enhances Séché’s portfolio of environmental services, focusing on outsourced industrial water management. The deal aims to strengthen their market position and support clients in reducing their environmental impact. Séché generated €736 million in sales in 2021, with a focus on creating circular economies and decarbonization.

Positive
  • Acquisition strengthens Séché's position in the industrial water management sector.
  • Addition of a portfolio of contracts enhances service offerings to industrial clients.
  • Supports the company's goal to help clients reduce their environmental footprint.
Negative
  • None.

CHANGÉ, France--(BUSINESS WIRE)-- Regulatory News:

Following the put option concluded in May 2022, under which Séché Environnement (Paris:SCHP) undertook to acquire Veolia’s industrial water treatment services business in France, Séché Environnement is announcing that the acquisition is effective as of today.

The acquired business includes a portfolio of contracts, primarily concluded with industrial companies. The contracts cover all aspects of the industrial water cycle (in particular effluent treatment, process water supply, facility management – including waste management – and maintenance operations), allowing us to offer industrial companies value-added services in the field of outsourced water cycle management.

The amount paid by Séché Environnement at closing is approximately €30 million, financed by drawing on an existing credit facility. The balance will be paid upon completion of the transfer of contracts in the first half of 2023.

Maxime Séché, CEO of Séché Environnement: “We are very pleased to welcome the new teams from Veolia specialized in industrial water management. With this acquisition, we are strengthening Séché Traitement Eaux Industrielles’ position by developing a portfolio of global environmental services. This complements our ability to manage the entire industrial water cycle in a way that preserves resources and enables us to support our industrial customers in reducing their environmental footprint.”

Séché Environnement is a leading player in waste management, including the most complex and hazardous waste, as well as in environmental services, particularly in responding to environmental emergencies.

Thanks to its expertise in creating circular economies, decarbonization, and hazard management, the group has been contributing to the ecological transition of industries and territories and to the protection of living things for nearly 40 years. Séché Environnement, a French family-owned industrial group, deploys the cutting-edge technologies developed by its R&D department on the ground, in more than 120 sites in 15 countries, including some fifty industrial sites in France. With nearly 5,000 employees, including 2,300 in France, Séché Environnement generated sales of €736 million in 2021, of which 28% were outside France.

Séché Environnement is listed on the Euronext Eurolist (compartment B). The stock is eligible for the PEA-PME and is included in the CAC Mid&Small, EnterNext Tech 40 and EnterNext PEA-PME 150 indices. ISIN: FR 0000039139 - Bloomberg: SCHP.FP - Reuters: CCHE.PA

SÉCHÉ ENVIRONNEMENT

Analyst / Investor Relations

Manuel ANDERSEN

Director of Investor Relations

m.andersen@groupe-seche.com

+33 (0)1 53 21 53 60

Media Relations

Anna JAEGY

Communications Department

a.jaegy@groupe-seche.com

+33 (0)1 53 21 53 53

Source: Séché Environnement

FAQ

What is the significance of Séché Environnement's acquisition of Veolia's business?

The acquisition strengthens Séché's position in industrial water management and enhances its service portfolio.

How much did Séché Environnement pay for the acquisition of Veolia's services?

Séché Environnement paid approximately €30 million for the acquisition.

When was the acquisition of Veolia's industrial water treatment business finalized?

The acquisition was finalized on the effective date of today.

What are the expected benefits of the acquisition for Séché Environnement?

The acquisition is expected to provide value-added services and support clients in minimizing their environmental impact.

SECHE ENVIRONMNT UNSP/ADR

OTC:SECVY

SECVY Rankings

SECVY Latest News

SECVY Stock Data

973.12M
2.32M
Waste Management
Industrials
Link
United States of America
Paris