Veolia Environmental Services has announced the purchase of Biffa Belgium for £30.7 million.
The move follows news that the parent company Severn Trent plans to de-merge Biffa, with Veolia Environmental Services picking up the Belgian subsidiary which is the fourth largest waste management company in that country.
Veolia Environmental Services UK and Norway chief executive and executive vice president for northern Europe Cyrille du Peloux said: “This is an excellent opportunity for us to further develop our European base, particularly as many of our large customers are looking for pan European service providers.
The deal will reinforce Veolia Environmental Services’ position as one of Europe’s leading waste management players and includes the sizable collection and recycling of commercial and domestic waste business.
It will also see the company inherit the special waste division, including its pre-treatment facility in Antwerp and the landfill and gas generation operations in the Walloon region.
The move comes during a period of heightened activity in the market, with a number of parties said to be interested in Cleanaway UK which Australian company Brambles is trying to sell for around £550 million.