Add-on Acquisition • Environmental

Veolia Environnement Acquires TM.E.

On October 18, 2012, Veolia Environnement acquired environmental company TM.E. for 338M USD

Acquisition Context
  • This is Veolia Environnement’s 3rd transaction in the Environmental sector.
  • This is Veolia Environnement’s 4th largest (disclosed) transaction.
  • This is Veolia Environnement’s 1st transaction in Italy.

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M&A Deal Summary

Date October 18, 2012
Target TM.E.
Sector Environmental
Buyer(s) Veolia Environnement
Deal Type Add-on Acquisition
Deal Value 338M USD

Target Company

TM.E.

La Spezia, Italy
TMT is specialized in the design, build and operation of waste treatment facilities (incinerators and mechanical, MBT*-type waste-to-fuel treatment facilities).
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Buyer Overview 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 Context for Buyer #
Overall 6 of 21
Sector: Environmental 3 of 11
Type: Add-on Acquisition 5 of 15
Country: Italy 1 of 1
Year: 2012 1 of 1
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Ridgeline Energy

Seattle, Washington, United States

Rdgeline Energy, a specialist in the development of wind energy projects.

Buy $72M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-16 Ridgeline Energy Holdings

Seattle, Washington, United States

Ridgeline Energy Holdings, Inc. is a renewable power development company. Ridgeline Energy currently has a wind and solar development pipeline of more than 20 projects in the U.S. totaling approximately 1,000 MW. Planned development expenditures in 2013 are focused on near-term opportunities where PPAs can be obtained quickly, including solar sites where investment tax credits remain available and construction could be completed as early as the first quarter of 2014.

Sell $88M