Remondis takes Eurawasser for €95 million
- From: Vol 12, Issue 12 (December 2011)
- Category: General
- Region: Europe
- Country: Germany
- Related Companies: Eurawasser, Ondeo, Remondis and Thyssen Krupp
The family-owned company has extended its domestic footprint. Where will the growth come from?
The water subsidiary of German family- owned waste disposal and water group Remondis is to acquire 100% of Eurawasser from Suez Environnement for €95 million.
The deal – which should be completed in Q1 2012 – values the company at 1.4 times annual revenues of €70 million (although Eurawasser’s own website claims an annual turnover of €120 million), and 14 ...
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