Veolia to Acquire Clean Earth, Boosting U.S. Hazardous Waste Presence

Veolia, a global leader in resource management, has announced its plan to acquire Clean Earth, a major U.S. hazardous waste player, for $3 billion. This strategic move will double Veolia's hazardous waste operations in the U.S., positioning the company as the second-largest player in the sector. The acquisition aligns with Veolia's GreenUp program and aims to increase its hazardous waste revenue to €5.2 billion, with an EBITDA margin of 17%.

The transaction is set to unlock $120 million in synergies by year four and enhance Veolia's capabilities across fast-growing industries like retail and healthcare. Clean Earth's 82 locations, alongside Veolia's existing infrastructure, will provide expanded treatment capabilities and technologies nationwide. The acquisition is expected to be finalized by mid-2026, following regulatory and shareholder approvals.