Milestone expansion for REMONDIS Australia amidst global waste industry acquisition activity

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.”