Remondis acquires Veolia Sweden assets

Lünen, Germany-based Remondis says it has acquired 100 percent of the shares in Veolia Recycling Solutions Nordic AB, a Sweden-based business unit of France-based Veolia.

According to Remondis, “The activities now taken over in Sweden are essentially classic recycling with a high proportion of the collection, processing and marketing of recycled raw materials, services and industrial cleaning. Veolia Recycling has a total of 65 sites in Sweden, which will be taken over by Remondis as part of the transaction.”

Werner Hols, CEO North & West Europe for Remondis, says, “We are delighted to be able to considerably extend our market presence in Scandinavia by taking over the Veolia locations in Sweden. We are now able to offer our national and international customers a varied and wide range of high-quality services in the Nordic countries.”

Remondis says both parties have agreed not to disclose the purchase price of the acquisition, which is subject to the approval of antitrust authorities.

Remondis describes itself as one of the world’s largest privately run recycling, service and water companies with about 800 business locations in more than 30 countries on four continents. Founded in 1934, the family business employs more than 36,000 people and says it processes more than 30 million metric tons of recyclable materials annually.