Séché Environnement: Strategic Development in the Ile-de-France Region with the Acquisition of the Agency Osis-IDF Municipality, a Sanitation Reference Operator
August 02 2021 - 2:00PM
Business Wire
Regulatory News:
Séché Environnement (Paris:SCHP) announces that it has
entered into an agreement with Veolia Group for the acquisition of
eight operational centers specialized in the maintenance of
sanitation networks and facilities, owned by Osis-IDF, a subsidiary
of Veolia Group.
For Séché, the acquisition of these eight centers grouped
under the name “Agency Osis-IDF Municipality” completes its range
of environmental services with new promising businesses and extends
its geographical network to the Ile-de-France region through a
leading company in its markets.
With eight centers anchoring it in the heart of the
Ile-de-France region, the Agency Osis-IDF Municipality is
specialized in the maintenance of sanitation networks and
facilities and benefits from a well-distributed network that allows
it to serve a diverse and recurring clientele that brings together
mainly communities, public entities, water distribution operators,
but also industrials and real estate professionals. Thanks to its
218 highly qualified field staff and its fleet of technical
vehicles allowing it to address a wide range of services, this
Agency is positioned as a leading operator in the most technical
markets.
Driven by growing markets that favor innovative and digitalized
operators, the Agency Osis-IDF Municipality has experienced a
steady increase in revenue. This growth is also based on a
portfolio of secured and highly recurring contracts.
For Maxime Séché, CEO of Séché Environnement: “The acquisition
of the Agency Osis-IDF Municipality represents a major opportunity
to strengthen our positions in the Ile-de-France region, where we
are already present on the soil remediation markets -such as those
of “Greater Paris”-, by placing us significantly on the buoyant
markets of sanitation and of hazardous and non-hazardous waste
collection. Thanks to its new and perfectly complementary
activities, this Agency expands our range of environmental services
and makes it possible to implement commercial and industrial
synergies extended to all of the Group’s businesses to new clients
within the Capital Region. In addition, the Agency will be able to
rely on our industrial tools and client portfolio to accelerate its
profitable growth nationally in future years.”
In steady growth with an average annual revenue increase of +7%
since 2017 -excluding 2020-, the Agency s Osis-IDF Municipality is
expected to achieve a revenue of €27 million for the current
financial year, with growth of around 10% compared to 2020. The
EBITDA expected for 2021 is approximately €4m, with an EBIT of the
same order.
Séché Environnement has made an irrevocable commitment to
Osis-IDF to acquire its Agency Municipality, subject to among other
things, the approval of the Autorité de la Concurrence and the
fulfilment of the information obligations of the Personnel
Representative Bodies.
As a result, the acquisition is expected to be completed in
early 2022. Its financing will be carried out on the Group’s free
cash, with no significant impact on the liquidity position or on
financial leverage.
Next communication
Half Year Result at June 30, 2021: September 13, 2021 after
market
About Séché Environnement
Séché Environnement is a global reference in the treatment and
recovery of all types of waste, including the most complex and
hazardous waste, as well as decontamination operations to serve the
environment and health. As a family-owned and French industrial
group, Séché Environnement’s work has focused for more than 35
years on industrial and territorial ecology by using innovative
technologies developed by its R&D. The Group’s unique expertise
is deployed in more than 100 locations around the world, including
some 40 industrial sites in France. The Group has 4,600 employees,
including 2,000 in France, and generated a revenue of about €675
million in 2020, some 25% of which internationally, driven by a
dynamic of both internal and external growth through numerous
acquisitions. Thanks to its expertise in the creation of circular
economy loops, the treatment of pollutants and greenhouse gases,
and the control of hazardousness, the group contributes directly to
the protection of life and biodiversity, an area of strong
commitment for the group since its creation
Séché Environnement has been listed on the Eurolist by Euronext
(compartment B) since 27 November 1997.
The stock is eligible for the PEA-PME (a share savings plan to
finance SMEs) and is included in the CAC Mid & Small and
Enternext PEA-PME 150 indexes. ISIN: FR 0000039139 – Bloomberg:
SCHP.FP – Reuters: CCHE.PA
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210802005609/en/
SÉCHÉ ENVIRONNEMENT Analyst / Investor Relations
Manuel ANDERSEN Head of Investor Relations
m.andersen@groupe-seche.com +33 (0)1 53 21 53 60 Media
Relations Constance DESCOTES Head of Communications
c.descotes@groupe-seche.com +33 (0)1 53 21 53 53
Seche Environnement (EU:SCHP)
Historical Stock Chart
From Dec 2024 to Jan 2025
Seche Environnement (EU:SCHP)
Historical Stock Chart
From Jan 2024 to Jan 2025