by acquiring the soil and organic waste treatment
activities of Englobe Corp. in North
America, as well as its activities in the United
Kingdom and France
The transaction positions the Ortec
Group among the world leaders in site and soil remediation in
Europe, Africa, and North
America.
MONTREAL,
June 17,
2024 /CNW/ - The Ortec Group announces the
acquisition of Englobe Corp.'s soil and organic waste treatment
activities in Canada and
the United States, as well as of
all of its activities in the United
Kingdom and France.
This business line, which represents a
revenue of 180 million Canadian
dollars, operates soil treatment facilities, composting
centers and beneficial reuse sites. It also provides site
remediation services.
The 320 employees and assets are joining
the Global Services Division of the Ortec Group as of today. The
new entity will be known as Biogénie.
The integration will open the North
American and UK soil and organic waste treatment markets to the
Ortec Group, while strengthening these activities in France, where Ortec benefits from more than 25
years of operating experience.
"The expertise and assets of Biogénie,
combined with the know-how of Ortec-Soléo, will position the Ortec
Group among the world leaders in soil remediation. This key
activity is at the heart of the environmental transition and
decarbonization, through the fight against land artificialization.
We are delighted with this new step and welcome all Biogénie
employees" declared André Einaudi, Chairman and CEO of the
Ortec Group.
"By joining Ortec, Biogénie is
integrating a major player in environmental services, which will
promote sustainable growth. Having worked together in the past, we
know Ortec's in-depth expertise, their services complementing our
own, and the reputation for trust and innovation of this
independent, family-owned group" added Alain Robichaud, responsible for Biogénie's
activities in North America and
the UK.
The Ortec Group's soil
remediation activities at a glance:
- 500 employees
- On 3 continents: Europe,
North America, Africa
- 17 work agencies
- 33 soil treatment platforms
- 4 composting centers
- 12 rehabilitation and renaturation sites
- A comprehensive offering: design
and engineering,
remediation work, site
rehabilitation and quarry
redevelopment, recovery of polluted
soil, organic matter management
and fertilizer production.
TD Securities acts as financial advisor
to Englobe Corp.
SOURCE Ortec Group