SUEZ completes acquisition of Enviroserv, South Africa's largest waste management company

A SUEZ completa a aquisição da Enviroserv, a maior empresa de gestão de residios da África do Sul

SUEZ together with Royal Bafokeng Holdings (RBH) and African Infrastructure Investment Managers (AIIM) have completed the acquisition of EnviroServ Proprietary Holdings Limited and its subsidiaries ("EnviroServ") after receiving approval from the local authorities in accordance with the terms announced on June 9, 2022.

This acquisition will allow SUEZ to strengthen its position as an international leader in industrial and municipal waste treatment activities and reinforce its position on the African continent.

Established in 1979, EnviroServ collects, treats and disposes of general and hazardous waste for treatment and disposal facilities throughout South Africa, Mozambique and Uganda. With a staff of 2,200 people and a turnover of over €80 million, it is the only agent in South Africa with full national coverage and a complete offering to industries (including on-site management, collection, treatment, remediation and related services).

EnviroServ's customer portfolio includes a large number of multinational companies operating in the petrochemical, industrial, metallurgical and mining sectors.

EnviroServ contributes to the circular economy by recycling 125,000 tons and managing 1.7 million tons of hazardous and general waste per year.

The company owns and operates a fleet of 175 specialized waste transportation vehicles, 10 treatment and disposal sites, and manages 5 more facilities in the 3 countries where it operates.

Thanks to much local participation¹, EnviroServ will remain committed to maintaining its B-BBEEE² Level 1 rating, the highest possible Broad-Based Black Economic Empowerment rate.

The ambition of the new shareholders is for EnviroServ to grow as the undisputed leader in environmental services in South Africa and the region, leveraging its strong capabilities and SUEZ's support to invest in infrastructure and operations, enrich its commercial offering, and develop new modes of waste treatment that contribute to a more circular economy.

Sabrina Soussan, President and CEO of SUEZ was enthusiastic about EnviroServ joining the SUEZ Group: "this is a team with a unique track record over the past 40 years, which has enabled the company to become a leader in hazardous and non-hazardous waste treatment activities in Southern Africa.

I am convinced that SUEZ can further fuel EnviroServ's profitable growth with additional references, best practices, innovation and investments.

I am also convinced that the team's skills, expertise and talents will support the SUEZ Group in expanding its activities in South Africa as well as in other geographies.

With all the employees of the Group, I would like to welcome our new colleagues and look forward to a bright and common future."

Albertinah Kekana, CEO of RBH said that as the first waste and water management platform investment for RBH, "we are pleased that the acquisition of EnviroServ is now complete. This is an opportunity to further diversify our portfolio and increase our exposure in the circular economy.

We look forward to working with our partners as we strive to make a meaningful contribution and respond to the sustainable development agenda."

Dean Thompson, CEO of EnviroServ says that delivering sustainable waste solutions to the African market is a critical need for the continent.

EnviroServ Waste Management, a leading and environmentally responsible waste management company, is looking forward to the wealth of knowledge and experience that our new shareholders will bring to the South African waste markets. This will further enhance our existing product and service offering and create a robust platform for innovation and growth."

Present on the African continent since the construction of the Sherbine water treatment plant in Egypt in 1948, SUEZ has built more than 500 drinking water treatment and sanitation plants serving most African capitals. SUEZ is present notably in Morocco, Egypt, Senegal, Tunisia and Ivory Coast

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