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Veolia North America acquires 23 new contracts
Veolia North America recently announced that it acquired from American Water Works Company, Inc., the rights to 23 of its water treatment and energy service contracts. The transaction will expand the core municipal water business of Veolia and add 110 new employees to its North America operations.
“We are excited to expand our water and energy services to these municipalities and industries, and welcome our new colleagues,” said VNA Chief Executive Officer Bill DiCroce. “This is another example of our growing our capabilities and offering leading environmental solutions. We look forward to working with dozens of new communities and delivering the highest quality water and wastewater services available.”
Veolia will be taking over 23 new contracts, of which 13 are wastewater contracts, four are drinking water contracts, five are wastewater and drinking water contracts, and one is a contract to provide steam and compressed air. Eighteen of these contracts are located in the U.S. in eight different states (Connecticut, Ohio, North Carolina, Illinois, Minnesota, Arizona, California and Washington), and five are located in Ontario, Canada. This move is also in line with the company’s strategy to establish a greater presence in the western U.S., where six of the new contracts are located.
The transaction is worth $27 million. The new contracts represent a yearly turnover of $31.1 million.
Veolia group has nearly 169,000 employees worldwide. In 2017, the Veolia group supplied 96 million people with drinking water and 62 million people with wastewater service, produced nearly 55 million megawatt hours of energy and converted 47 million metric tons of waste into new materials and energy. www.veolia.com