- Business
- Veolia Environnement S.A. (VVD.DE) provides environmental services focused on water management, waste management, and energy services to municipalities, industries, and businesses worldwide. Founded in 1853 and headquartered in Aubervilliers, France, the company operates across five continents in over 56 countries, serving 111 million people with drinking water, 98 million with wastewater sanitation, and managing 65 million metric tons of waste annually; its core offerings encompass water collection, treatment, distribution, and reuse including operation of 3,879 drinking water plants and 3,198 wastewater facilities; waste collection, sorting, recycling, incineration, and recovery of liquid, solid, ordinary, and hazardous waste through 861 processing facilities; energy production from renewables, efficiency services, heating and cooling networks management via 604 networks, microgrids, and decarbonization solutions producing 42 million MWh for 49,034 thermal installations and 2,043 industrial sites. Veolia employs nearly 215,000 people and generated EUR 44.7 billion in revenue in 2024. Recent strategic moves under the GreenUp 2024-2027 plan include the May 2025 agreement to acquire CDPQ's 30% stake in Water Technologies & Solutions (WTS) for EUR 1.5 billion to achieve full ownership, unlock EUR 90 million in run-rate synergies by 2027, and bolster water technology leadership in high-growth sectors like semiconductors and data centers; the November 2025 agreement to purchase Clean Earth from Enviri for USD 3 billion (EUR 2.6 billion) to double U.S. hazardous waste capacity, create the number-two U.S. player with 82 locations and 700 permits, target USD 120 million synergies by year four, and elevate global hazardous waste revenue to EUR 5.2 billion at 17% EBITDA margin; five tuck-in hazardous waste acquisitions in H1 2025 adding 100,000 tonnes capacity for EUR 300 million; organic expansion with 285,000 tonnes new hazardous waste treatment capacity by 2027 across the U.S., Europe, Middle East, and Asia; and ongoing Suez integration synergies reaching EUR 482 million cumulatively by H1 2025 toward a EUR 530 million target, alongside EUR 8.5 billion in total asset rotations since GreenUp inception including EUR 2 billion planned disposals.