Saur has announced that it has acquired Alliance Environnement, a provider of water supply, wastewater treatment and organic waste recycling services in the south-east region of France. Based in Occitanie, the company has annual revenue of EUR17 million (US$19.6 million) and 110 employees.
Alliance Environnement's portfolio includes 18 specialist vehicles for stormwater and wastewater network maintenance and cleaning; four composting centres with capacity to process 100,000 tonnes of organic waste per year and management of 20,000 drinking water services.
This external growth acquisition is integral to Saur’s Initiative 2022 corporate plan, which targets annual revenue of EUR2 billion (US$2.3 billion) by 2022. The plan has the support of European private equity investor EQT, which is in exclusive negotiations to acquire Saur before the end of 2018.
The cost of the acquisition has not been disclosed.