French waste water management company Veolia Environnement S.A. has announced the acquisition of hazardous waste company Clean Earth for $3 billion. The deal is expected to bring $120 million in synergies by year 4 and boost Veolia’s growth in the U.S. The transaction is set to be completed in mid-2026, funded through a combination of financial resources and debt. Post-acquisition, Veolia’s hazardous waste revenue is projected to reach EUR 5.2 billion with an EBITDA margin of 17%. Clean Earth is expected to achieve EBITDA of $200 million in 2026, with revenue of $1.030 billion. Enviri Corporation saw a 19.97% increase in stock price following the news.

Read more at Nasdaq: Veolia To Buy Clean Earth For About $3 Bln From Enviri; NVRI Gains Nearly 20% After Market