M&A Deal Summary

Averda Acquires Solid Waste Technologies SA Pty

On February 1, 2017, Averda acquired environmental company Solid Waste Technologies SA Pty for 100M ZAR

Acquisition Highlights
  • This is Averda’s 3rd transaction in the Environmental sector.
  • This is Averda’s 2nd largest (disclosed) transaction.
  • This is Averda’s 1st transaction in South Africa.

M&A Deal Summary

Date 2017-02-01
Target Solid Waste Technologies SA Pty
Sector Environmental
Buyer(s) Averda
Deal Type Add-on Acquisition
Deal Value 100M ZAR

Target

Solid Waste Technologies SA Pty

Cape Town, South Africa
Solid Waste Technologies SA Pty Ltd. is a provider of healthcare​ waste recycling systems for medical facilities. Solid Waste Technologies SA Pty Ltd. was established in 1993 and is headquartered in Cape Town, South Africa.

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Buyer(S) 1

Buyer

Averda

Dubai, United Arab Emirates

Category Company
Sector Environmental
Employees7,500
DESCRIPTION

Averda is an environmental solutions provider in the MENA region, specialising in integrated resources management. averda is at the forefront of innovation in the regional market, providing sustainable solutions and more than 35 years of experience in the effective management of waste for both private and public sector clients. Averda is based in Dubai, United Arab Emirates.


DEAL STATS #
Overall 3 of 3
Sector: Environmental M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: South Africa M&A 1 of 1
Year: 2017 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 City Bin

Galway, Ireland

City Bin is a waste collection company engaged in providing waste management and recycling services. City Bin was founded in 1997 and is based in Galway, Ireland.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 City Bin

Galway, Ireland

City Bin is a waste collection company engaged in providing waste management and recycling services. City Bin was founded in 1997 and is based in Galway, Ireland.

Sell -