Veolia has announced the acquisition of Enviropacific, a portfolio company of Next Capital. The acquisition is set to boost technological and operational capabilities in remediation, water treatment and hazardous waste management across Australia. Enviropacific reported FY25 turnover of approximately AUD $250 million, with nearly 300 employees. The transaction is valued at AUD $220 million (Enterprise Value). It is subject to financial close and customary conditions.
Amid rising environmental and health concerns, PFAS contamination has become a major global and Australian issue, largely due to past firefighting foam use at defence sites, airports, and industrial facilities with an impact on soil and groundwater in multiple regions. Strengthened regulatory frameworks are now driving large-scale monitoring and cleanup efforts. In this context, demand for advanced treatment solutions is growing, reinforcing Veolia’s role as a key partner for industries and public authorities tackling PFAS contamination.
Today, Enviropacific provides soil remediation, contaminated waste and water treatment (including PFAS), as well as in-field technical projects, supported by dedicated infrastructure such as thermal and soil washing facilities, landfill assets, and water treatment sites.
This tuck-in acquisition of a locally recognised company that specialises in soil remediation marks a milestone in Veolia’s ambition to lead the response to emerging contaminants, particularly PFAS, by scaling up its integrated, high-performance solutions. It boosts the Group’s position in complex soil remediation and on-site treatment, reinforcing its ability to offer fully integrated, high-value services to industrial and public clients. It contributes to the Group’s ambition to achieve €1 billion in revenue from micro-pollutants treatment by 2030 through its BeyondPFAS offering.
It is expected to create strong value through revenue growth and operational synergies. By integrating a leading soil remediation player’s client base and pipeline, Veolia will accelerate its expansion in high-growth remediation and PFAS treatment markets in Australia. Combining Veolia’s global technologies with its engineering and field expertise will enhance execution, optimise solutions, and improve margins.