Suez and its partners Royal Bafokeng Holdings and African Infrastructure Investment Managers have signed a binding agreement for the acquisition of EnviroServ Holdings Proprietary Limited, according to a statement.
Founded in 1979, EnviroServ collects, treats, and disposes of general and hazardous waste to treatment and disposal facilities across South Africa, Mozambique, and Uganda. With a staff of 2,200 people and a turnover of more than 80 million euros, it is the only player in South Africa with full national coverage and with a complete offering for industries (including on-site, collection, treatment, remediation and related services). It counts on a strong portfolio of customers including a number of multinational firms operating in the petrochemicals, manufacturing, metallurgical and mining sectors.
EnviroServ is headquartered in the region of Gauteng close to Johannesburg, with regional facilities across South Africa. It is also active in Mozambique and Uganda. According to the statement, the acquisition will be made through a special purpose holding company, with the following shareholdings: SUEZ 51%, RBH 24.5% and AIIM’s IDEAS Managed Fund 24.5%.
Sabrina Soussan, CEO of Suez said, “I am delighted with this acquisition which creates a strong footprint for Suez in the fast-growing South African market, as well as in neighboring African countries. It highlights our strategic focus on waste, as well as on selective growth in key international markets.” Dean Thompson, CEO of EnviroServ Waste Management, said, “The delivery of sustainable waste solutions to the African market is a critical need for the continent. EnviroServ Waste Management is looking forward to the wealth of knowledge and experience that our new shareholders will bring to the South African and African waste markets. This will further enhance our existing product and service offering and create a robust platform for innovation and growth.