BOSTON, JULY 12, 2017 — Veolia North America introduced that it acquired from American Water Works Firm, Inc., the rights to 23 of its water treatment
and energy service contracts. The transaction will develop the core municipal water enterprise of Veolia, which is among the many high suppliers of water and wastewater therapy providers within the U.S. and Canada, and can see Veolia welcome 110 new staff to its North America operations.
The transaction contains contracts for water therapy providers in areas throughout North America, together with main metropolitan areas comparable to Phoenix, Ariz., the fifth-largest metropolis within the U.S., and Seattle, Wash. Non-municipal contracts embrace a university in Illinois, a beverage firm, a meals processing firm and a chemical firm. Almost 1 / 4 of Veolia’s enterprise is dedicated to water and wastewater options, making it well-suited to make sure a seamless transition for its new clients. In line with its dedication to neighborhood partnership, Veolia intends to work intently with enterprise leaders and residents within the many communities the place the newly-acquired contracts are positioned.
“We’re excited to develop our water and power providers to those municipalities and industries, and welcome our new colleagues,” mentioned VNA Chief Govt Officer Invoice DiCroce. “That is one other instance of our rising our capabilities and providing main environmental options. We look ahead to working with dozens of recent communities and delivering the best high quality water and wastewater providers out there.”
Veolia can be taking on 23 new contracts, of which 13 are wastewater contracts, 4 are consuming water contracts, 5 are wastewater and consuming water contracts, and one is a contract to supply steam and compressed air. Eighteen of those contracts are positioned within the U.S. in eight completely different states (Connecticut, Ohio, North Carolina, Illinois, Minnesota, Arizona, California and Washington), and 5 are positioned in Ontario, Canada. This transfer can be consistent with the corporate’s technique to determine a better presence within the western U.S., the place six of the brand new contracts are positioned.
The transaction is value $27 million. The brand new contracts characterize a yearly turnover of $31.1 million.