Acquisition of ECO, leader in hazardous waste in Singapore

The acquisition was made by a Singapore-based subsidiary of Séché Environnement. It concerns 100% of the shares and totals around SGD 608 million, financed by a bank credit facility.

As a major player in the industrial hazardous waste market in Singapore, with the widest range of products and services, a loyal clientele of leading industrialists and a high-performance industrial tool, ECO will enable Séché to occupy a leading position in a dynamic industrial region where the Group was previously less active.

This acquisition is fully in line with Séché’s ambition to support its main industrial customers in the dynamic hazardous industrial waste markets of Southeast Asia.

Maxime Séché, Chief Executive Officer of Séché Environnement, greets this acquisition: “We are delighted to welcome the ECO teams to the Séché Environnement Group. With this acquisition, our Group positions itself as a regional leader in the heart of one of the world’s most dynamic industrial regions. The implementation of the industrial, geographic and commercial complementarities between ECO and Groupe Séché will accelerate the growth of the new entity in the coming years, while strengthening its operating profitability and financial profile.”

For this acquisition, Séché Environnement was advised by BNP Paribas as financial advisor and by Latham & Watkins as legal advisor.