Veolia acquires Van Scherpenzeel Groep
AMSTERDAM, October 31, 2017 – Veolia has acquired Van Scherpenzeel Groep (“VSG”) from 2 Circular Value (a holding entity of private individuals led by Ruud Sondag) and ING Corporate Investments. VSG is active in the recycling of a broad range of heterogeneous waste flows (e.g. plastics, paper, textile, glass, dry residual waste etc.). Financial terms of the transaction were not disclosed.
Emendo Capital acted as exclusive financial adviser to Veolia.
Veolia group is the global leader in optimised resource management. With over 171,000 employees worldwide, the Group designs and provides water, waste and energy management solutions which contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them. In 2018, the Veolia group supplied 95 million people with drinking water and 63 million people with wastewater service, produced nearly 56 million megawatt hours of energy and converted 49 million metric tons of waste into new materials and energy. Veolia Environnement is listed on Paris Euronext: VIE.
For additional information on Veolia, visit veolia.com.