Séché to Strengthen Its Positions in South Africa With the Acquisition of Spill Tech
18 Januar 2021 - 6:00PM
Business Wire
Regulatory News:
Séché Environnement (Paris:SCHP) announces the signature of
an agreement for the acquisition of Spill Tech 1, a leader in
environmental emergency and decontamination services in South
Africa. Spill Tech will complement the environmental services
currently offered by the Group to its industrial customers in
Southern Africa.
Spill Tech specializes in hazardous spill response and offers
high value-added services for industrial cleaning, site
decontamination, marine decontamination and polluted soil
treatment.
Through its network of 16 sites and 1,300 highly qualified
employees, Spill Tech responds at all times, throughout South
Africa, to environmental emergency challenges in order to protect
people, equipment and the environment from the consequences of
industrial accidents or historical pollution.
Thanks to its rapid response capacity (usually in less than an
hour), Spill Tech provides solutions that are perfectly adapted to
the risks posed by environmental accidents and their consequences,
such as the dumping of hazardous materials, on land and at sea.
Spill Tech also offers high value-added services for cleaning or
decontamination of industrial sites, and soil decontamination.
The Spill Tech business lines therefore will offer seamless
industrial, geographical and commercial synergies with the offering
of Interwaste, a Séché Environnement subsidiary since 2019 and 2nd
largest waste management operator in South Africa, complementing
its upstream value chain.
Based on certification procedures meeting the highest
international standards, including ISO 9001, ISO 14001, OHSAS
18001, Spill Tech is active among an industrial clientele of major
South African and international companies in the oil extraction and
petrochemical sectors, including the accreditations of Sasol,
Total, BP, Engen and Shell... A company with a strong culture of
social responsibility, Spill Tech also fully meets the requirements
of Level 1 of the B-BBEE government program aimed at reducing
racial inequality in South Africa.
For Maxime Séché, Chief Executive Officer of Séché
Environnement: “The acquisition of Spill Tech is a complementary
opportunity to strengthen our positions in South Africa,
particularly in high value-added environmental services for our
core industrial customers. A company with strong, profitable and
sustainable growth, with a strong culture of environmental
excellence, Spill Tech asserts itself more strongly each year as
the leading operator in highly technical businesses with high entry
barriers. With the industrial and commercial complementarities that
will be implemented between Spill Tech and Interwaste, Séché
Environnement will be a major and key player in the environmental
and waste management businesses in Southern Africa."
According to Gerald Carmody, founder and CEO of Spill Tech: “Our
integration within the Séché Environnement Group will reinforce
Spill Tech's prospects at the heart of the very buoyant market for
environmental risks in South Africa. While Spill Tech is rapidly
expanding among top-tier international customers, Séché
Environnement's recognized expertise in this market, its high
environmental standards - shared by Spill Tech - as well as a
strong presence on the South African market will reinforce Spill
Tech's strengths and are a valuable catalyst in its ambitious
development strategy."
A fast-growing company (with average revenue growth of +40% per
year between 2018 and 2020), it is expected that the addition of
Spill Tech shall add approximatively €29million of revenue,
€7.9million of EBITDA and €4.6miliion to Séché Environnement
Group’s net profit in 2021.
The acquisition will be financed through drawing on the existing
banking credit facility.
Subject to fulfilment of the conditions precedent and in
particular the approval of the competent regulatory authorities,
this acquisition is expected to be finalized in March 2021.
Next communication
Consolidated results at December 31, 2020: March 8, 2021 after
market
About Séché Environnement
Séché Environnement is a global reference in the treatment and
recovery of all types of waste, including the most complex and
hazardous waste, as well as decontamination operations to serve the
environment and health. As a family-owned and French industrial
group, Séché Environnement’s work has focused for more than 35
years on industrial and territorial ecology by using innovative
technologies developed by its R&D. The Group’s unique expertise
is deployed in more than 100 locations around the world, including
some 40 industrial sites in France. The Group has 4,600 employees,
including 2,000 in France, and generates 700 million euros in
turnover, 25% of which internationally, driven by a dynamic of both
internal and external growth through numerous acquisitions. Thanks
to its expertise in the creation of circular economy loops, the
treatment of pollutants and greenhouse gases, and the control of
hazardousness, the group contributes directly to the protection of
life and biodiversity, an area of strong commitment for the group
since its creation
Séché Environnement has been listed on the Eurolist by Euronext
(compartment B) since 27 November 1997. The stock is eligible for
the PEA-PME (a share savings plan to finance SMEs) and is included
in the CAC Mid & Small and Enternext PEA-PME 150 indexes. ISIN:
FR 0000039139 – Bloomberg: SCHP.FP – Reuters: CCHE.PA
1 Subject to fulfilment of the conditions precedent
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version on businesswire.com: https://www.businesswire.com/news/home/20210118005331/en/
SÉCHÉ ENVIRONNEMENT
Analyst/Investor Relations Manuel ANDERSEN Head of
Investor Relations m.andersen@groupe-seche.com +33 (0)1 53 21 53
60
Media Relations Constance DESCOTES Head of Communications
c.descotes@groupe-seche.com +33 (0)1 53 21 53 53
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