Veolia and Saur announce the signing of an agreement for the acquisition by Saur of Veolia’s European Mobile Water Services division, one of the main mobile water players with a state-of-the-art fleet in Europe, as part of the commitments made by Veolia to address the European Commission’s competition concerns. The agreement is formalized through a unilateral put option, which will allow the parties to complete the transaction for a total consideration of approximately €190 million, subject to the consultation process of Veolia’s employee representative bodies and receipt of the necessary regulatory approvals.
Veolia’s European Mobile Water Services (MWS Europe) will become the global Mobile Water Services platform of Nijhuis Saur Industries (NSI). With the addition of Mobile Water Services, NSI obtains a single-source provider of full-service offering of mobile water solutions.
Veolia’s European Mobile Water Services (MWS Europe) is a performance-based output rental service provider. The Company offers reliable 24/7 services to suit all industrial customer requirements for a wide range of high value applications – anytime and anywhere – for business continuity and security. MWS Europe is a single-source provider of a full-service offering of mobile water technologies including reverse osmosis (RO), ultrafiltration (UF), and deionisation (IX), among others. Solutions are pre-packaged on a trailer, skid, or container for maximum mobility and responsiveness – treating process water and reuse water.
Saur is an integrated water pure player providing essential services to local authorities and industrial customers, with employees in 20 countries. Through its municipal and industrial water treatment services, Saur works to protect the environment in the different geographies it serves. 2021 key figures: €1.7 billion Group net revenue, 9,500 local authorities and industrial clients contracted, 12,000 employees and 20 million consumers served worldwide.
EC M&A acted as the exclusive financial advisor to Veolia on this transaction.