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M&A Deal Summary

Veolia Environnement Acquires Corvara Industrial Services

On May 25, 2017, Veolia Environnement acquired business services company Corvara Industrial Services from Miljorivarna

Acquisition Highlights
  • This is Veolia Environnement’s 2nd transaction in the Business Services sector.
  • This is Veolia Environnement’s 1st transaction in Sweden.

M&A Deal Summary
Date 2017-05-25
Target Corvara Industrial Services
Sector Business Services
Buyer(s) Veolia Environnement
Sellers(s) Miljorivarna
Deal Type Divestiture

Target

Corvara Industrial Services

Norrkoping, Sweden
Corvara Industrial Services comprising services for industrial cleaning, chemical cleaning and high pressure flushing.

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Buyer(S) 1

Buyer

Veolia Environnement

Paris, France
Category Company
Founded 1853
Sector Consumer Services
Employees202,332
Revenue 44.7B EUR (2024)
DESCRIPTION

Veolia Environnement provides industrial cleaning, mechanical and maintenance services, and environmental waste management solutions. Veolia Environnement was founded in 1853 and is based in Paris, France.

DEAL STATS #
Overall 13 of 20
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 3
Country: Sweden M&A 1 of 1
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-11 Enovity

San Francisco, California, United States

Enovity, Inc. is a platform for expanding the company’s geographic footprint in the building energy services sector. Enovity, Inc. was founded in 2002 and is based in San Francisco, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-04 Elliott Holdings Pty.

Cohuna, Australia

Elliott Holdings (Aust.) Pty. Ltd. (dba Ellwaste Waste and Recycling Services) is a regional waste management business servicing rural New South Wales and Victoria. Ellwaste Waste and Recycling Services was established in 1984 and is headquartered in Cohuna, Australia.

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Seller(S) 1

SELLER

Miljorivarna

Skogas, Sweden
Category Company
Sector Business Services
Revenue 761M SEK (2014)
DESCRIPTION

Miljorivarna is a contractor for industrial cleaning and damage control. The company performs a complete range of environmental demolition services with a focus on construction and industrial companies. Miljorivarna is based in Skogas, Sweden.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-06 Miljörivarna i Stockholm AB

Stockholm, Sweden

Miljörivarna i Stockholm AB is a focuses on demolition projects in connection with larger property renovations.

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