With the acquisition, Remondis said that they have strengthened their market position in northern Europe and significantly expanded their business operations in the Swedish market.

The business taken over in Sweden is described by the company as “classic recycling with a high proportion of collection, processing and marketing of recycled raw materials, services and industrial cleaning.”

Veolia Recycling has a total of 65 locations in Sweden, which will be taken over by Remondis as part of the transaction.

Werner Hols, CEO of North & West Europe, emphasized the importance of the acquisition for Remondis: “We are pleased to be able to significantly expand our market presence in Scandinavia by taking over the Veolia locations in Sweden.”

We are pleased to be able to significantly expand our market presence in Scandinavia
– Werner Hols, Remondis

Mr Hols continued: “We can now offer our national and international customers a varied and wide range of high-quality services in the Nordic countries. By expanding our Swedish presence with 65 new locations, we have succeeded in taking an important step.”

The transaction is subject to approval by antitrust authorities. Remondis is one of the world’s largest privately owned recycling, service and water companies with approximately 800 business locations in over 30 countries and on four continents. This family-owned company was founded in 1934 and employs more than 38,000 people and generates a turnover of 8.2 billion euros (2020). In the UK, it is mainly active in Yorkshire and the North East of England.

PreZero

The deal means that both Veolia and Suez have now left Sweden. Earlier this year, Suez announced that it had completed the sale of its recycling and recycling operations in Sweden to PreZero, the environmental division within the German Schwarz Group. PreZero has also acquired Suez operations in other countries, including Poland, the Netherlands and Germany.

Remondis had submitted a proposal in April this year to acquire a stake in Suez, which could have stopped the proposed Veolia acquisition of Suez. More announcements about the ongoing Veolia acquisition of Suez are expected before the end of the year.