Remondis expands its presence in Scandinavia

Remondis, one of the world’s largest privately-run recycling, service and water companies, has acquired 100% of the shares in Veolia Recycling Solutions Nordic AB, strengthening its market position in Northern Europe and significantly expanding its activities in Sweden.

The business that the company has taken over focuses on the collection, processing and marketing of recycled raw materials, services and industrial cleaning. In the industrial cleaning sector, the acquisition marks Remondis's first entry into the Swedish market. Veolia Recycling has a total of 65 sites in Sweden, which will be taken over by Remondis as part of the transaction.

Werner Hols, CEO North & West Europe, said: "We are delighted to be able to considerably expand our market presence in Scandinavia by taking over the Veolia locations in Sweden. We are now able to offer our national and international customers a varied and wide range of high-quality services in the Nordic countries. By expanding our Swedish presence with 65 new locations, we have succeeded in taking an important step."

Read more: Commission green-lights Suez recycling arm acquisition by Lidl owner

Operating in many different fields of business, Remondis aims to help protect the environment and conserve natural resources – from recovering valuable raw materials from industrial and household waste, to producing high quality recycled raw materials, all the way through to transforming non-recyclable materials into a range of different fuels.

Moreover, the German family-owned company that employs more than 36,000 people is increasingly helping to advance the switch from fossil fuels to renewables by using biomass as a source of energy. Each year, it processes more than 30 million tonnes of recyclable materials and provides services for local authorities, small and medium-sized businesses and industrial firms as well as for around 30 million people.

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