Veolia acquires Clean Earth

Veolia has completed the financial close of its $3 billion acquisition of Clean Earth, a hazardous waste management firm. This transaction significantly expands Veolia's footprint in the U.S. hazardous waste sector, doubling its revenues in this segment and bringing its total U.S. revenue to $6.3 billion. The acquisition positions Veolia as the second-largest player in the U.S. hazardous waste market, behind Clean Harbors. The deal is expected to generate $120 million in synergies by the fourth year and be accretive to Veolia's EPS from 2027. This move addresses the growing demand for specialized hazardous waste treatment solutions in the United States, driven by industrial growth, tighter environmental standards, and the expansion of high-growth industries.