SUEZ has entered into a Share Purchase Agreement to acquire a majority interest in Gruppo Ecosistem, an independent firm specializing in industrial waste processing and recovery. This acquisition enhances SUEZ’s presence in Italy and strengthens its position in high-value services, aligning with the Group’s strategic growth objectives.
Yves Rannou, Group Deputy CEO and Chief Operating Officer of Recycling & Recovery at SUEZ, stated, “Gruppo Ecosistem is a prominent player in Italy. We are delighted to announce this acquisition, marking a new phase in SUEZ’s European development. It demonstrates our commitment to creating a range of waste processing solutions centered on recycling and energy recovery, enabling us to provide our Italian clients with increasingly circular solutions to support their ecological transition.”
Salvatore Mazzotta, CEO of Ecosistem, stated, “Over nearly 40 years, Ecosistem has evolved from a used oil and battery collection service to a leader in environmental solutions, employing over 400 people. Throughout our journey, we have remained committed to our values of entrepreneurship, service excellence, and environmental stewardship. Partnering with SUEZ will enable us to enhance our offerings with innovative recycling and resource recovery solutions.”
SUEZ’s expansion in Italy is a significant move towards achieving its international growth objectives. With the acquisition of Gruppo Ecosistem, SUEZ is solidifying its position in Europe, in line with its goal of increasing international revenue by 2027. Italy, ranking second in the EU for industrial production, is a key growth area for the Group.
Gruppo Ecosistem: A Leading Independent Player in Industrial Waste Management
Founded in 1988, Gruppo Ecosistem offers both hazardous and non-hazardous waste processing solutions in Calabria, Basilicate, and Sicily through its subsidiaries, Ecosistem Srl and Econet Srl. The company also has operations in Lombardia and Abruzzo via equity stakes. The various market segments in which Gruppo Ecosistem operates present significant growth opportunities, particularly in the treatment of industrial effluents, energy recovery from waste, and the remediation of contaminated sites.
The founders of Gruppo Ecosistem will maintain an equity interest in the company and will continue to contribute to its development.
Source :SUEZ
