Wednesday 1st June 2016
SUEZ expands in Western Australia through the acquisition of Perthwaste
SUEZ has completed the acquisition of Perthwaste, a leading waste management services provider in Western Australia.
Effective 1 June, the acquisition, valued at AU$87 million, has been formalised between both parties in Perth.
Founded in 2001, Perthwaste provides waste management services to metropolitan Perth and the south west of Western Australia. The company has a large and well established customer base across local government and commercial markets.
With a fleet of 68 trucks and waste infrastructure assets including two waste transfer stations, two materials recycling facilities, three depots, a landfill and a composting facility, the company employs approximately 185 people.
Chief Executive Officer of SUEZ in Australia & New Zealand, Mark Venhoek, said the acquisition of Perthwaste complements SUEZ’s local presence.
“Perthwaste and SUEZ are highly complementary businesses. The united strengths of the combined waste management facilities, fleet and experienced people is a perfect fit for SUEZ’s growth strategy in the West Australian market,” Mr Venhoek said.
“SUEZ will benefit from the acquisition of the well-established business in the local government market, servicing a population of more than 760,000 people and their comprehensive offering to the commercial and industrial sector across collections, recycling and resource recovery will further strengthen our position in this market.
“Perth is Australia’s fastest growing capital and SUEZ will continue to invest in and grow our operations in the state,” he said.
The sale was approved by the Australia’s Foreign Investment Review Board and the Australian Competition and Consumer Commission.
SUEZ aims to complete the integration of the Perthwaste business by the end of the year.