Attains full ownership to accelerate value creation
Veolia has signed an agreement with CDPQ for the acquisition of its 30% stake in Veolia’s subsidiary Water Technologies and Solutions (WTS), allowing Veolia to achieve full ownership of WTS, enabling it to unlock more value potential.
The acquisition of CDPQ’s minority interests will further strengthen Veolia’s unique positioning as a global leader in Water Technologies. The Group is perfectly positioned to take advantage of the growing demand for innovative water treatment technologies and solutions, fueled by macro-trends such as water scarcity, adaptation to climate change, health concerns and the development of strategic industries such as semiconductors, pharmaceuticals and data centers.
Operational control
The acquisition of the remaining 30% of Veolia’s subsidiary WTS will allow full operational control, enabling it to enhance operational performance and seize all opportunities for development and innovation, through a complete integration process.
Following the acquisition, the Group will be able to unlock additional around €90m of run-rate cost synergies by 2027. Those synergies are already well-identified and benefit from a very low execution risk, given the deep and intimate knowledge of the asset and Veolia’s proven track-record in synergies extraction.
Evolving needs
“This move is especially crucial given the urgent and rapidly evolving needs of the market, allowing us to respond faster and more effectively to emerging opportunities and challenges,” remarked Estelle Brachlianoff, Veolia’s Chief Executive Officer.
“Through our partnership, we helped strengthen the company’s foundations and positioned it for sustained growth and long-term value creation. We are grateful for the close collaboration with the management teams at WTS and Veolia, and we wish them every success in this next chapter,” stated Albrecht von Alvensleben, Managing Director, Head of Private Equity Europe, CDPQ.
