Veolia Acquires Full Ownership of Water Technologies and Solutions

Veolia has reached an agreement with CDPQ to acquire its 30% stake in Water Technologies and Solutions (WTS), completing Veolia's full ownership of the subsidiary. This strategic move aims to enhance value creation, streamline operations, and achieve additional €90 million in cost synergies. The transaction underscores Veolia's GreenUp roadmap, focusing on water technologies and the U.S. market as growth accelerators.

The acquisition reinforces Veolia's position as a leader in water technology, capitalizing on increasing demand driven by global water challenges. Full control over WTS is expected to boost operational efficiency and unlock identified synergies with minimal execution risk, benefiting from Veolia’s experience.

The transaction, valued at $1.75 billion, maintains Veolia's financial flexibility, supporting its strategic initiatives. The purchase is set to close by June 2025, with an anticipated accretive impact from 2026.