FCC said that the purchase will enable it to “expand its product and service offer” and “enhance” the value proposal value for its customers.
Urbaser
Operating composting, material recovery, waste-to-energy and final disposal facilities and HWRCs, Urbaser UK also provides municipal waste collection, recycling centre management and street cleansing services.
Iñigo Sanz, CEO of FCC Servicios Medio Ambiente, said: “This operation further strengthens FCC Servicios Medio Ambiente’s leading position, at both European and global levels, in the comprehensive waste management and circular economy sector. ”
FCC Environment UK’s chief executive officer, Steve Longdon, said: “As one of the UK’s most advanced waste management companies, this transaction is very positive for our business and strengthens our core services even further. We welcome the Urbaser team, with whom we will continue to do our job of delivering essential services to all our customers every day.”
Background
FCC Servicios Medio Ambiente is the holding of companies that has acted as the backbone of FCC for more than 120 years. It is said to serve over 67 million people in nearly 5,400 municipalities around the world, managing more than 24.7 million tonnes of waste as a resource each year.
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