Veolia has signed an agreement with the Suez Group to acquire its subsidiary Suez RV OSIS, which specializes in the maintenance of sanitation networks and infrastructure as well as onsite industrial services.
The agreement is in the form of a unilateral purchase undertaking subject to an exclusivity period of 150 days, during which the parties are expected to finalize their agreement.
Veolia has considerable know-how in the area of industrial and sanitation maintenance, through its subsidiary Societe d’Assainissement Rationnel et de Pompage (SARP). SARP operates mainly in France and has consolidated revenue of €470 million ($554 million). The merger of SARP and Suez RV OSIS would position Veolia as a major player in this field and would enable both entities to offer new services to their public, service and industrial sector customers and to cover the whole country of France.
The transaction price is expected to be €298 million ($351 million), subject to t
