Veolia Acquires Full Ownership of Water Technologies & Solutions to Accelerate GreenUp Strategy
Veolia announced it has signed an agreement with Caisse de dépôt et placement du Québec (CDPQ) to acquire its 30% stake in Veolia’s subsidiary, Water Technologies and Solutions (WTS), giving the Group full ownership of the business.
The transaction strengthens Veolia’s strategic focus on water technologies, unlocking additional value potential and streamlining the Group’s corporate structure. According to Veolia, the move is expected to generate annual cost synergies of approximately €90 million once fully implemented.
The acquisition also marks a key milestone in deploying Veolia’s GreenUp strategic roadmap, which prioritizes capital efficiency and investments in innovative solutions to address environmental challenges.
Beyond its global implications, the deal carries particular significance for the Middle East and Africa (MEA) region, where Veolia aims to support governments and industries in tackling critical issues such as water scarcity and climate change adaptation.
“By taking full ownership of WTS, Veolia is consolidating its leadership in water technologies and reinforcing its ability to deliver high-impact solutions across global markets, including the Middle East and Africa,” said Ibrahim Ghosn, Veolia spokesperson, who will be available for media engagements during the Global Water Expo 2025 in Riyadh (September 2–4).
With the acquisition, Veolia positions itself to further expand its portfolio of sustainable water management and treatment solutions, aligning with the growing demand for resilient infrastructure and climate-focused innovation across dynamic markets.