ECO CORPORATE ENVIRONMENTAL ENGINEERING (ECO) acquired by SECHE ENVIRONNEMENT
Context
Seche Environnement has signed an agreement to acquire Eco Industrial Environmental Engineering, the leading player in Singapore's hazardous waste market. This strategic entry into Southeast Asia allows the French group to support its industrial clients in a high-growth region. By integrating Eco's specialized treatment and recovery capabilities, Seche significantly strengthens its international footprint and enhances its overall growth and profitability profile.
ECO CORPORATE ENVIRONMENTAL ENGINEERING (ECO), which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of .
Target
Founded in 1995, ECO Industrial Environmental Engineering is the leading operator in Singapore’s hazardous waste recovery and treatment market. The company’s business model covers the entire value chain of the hazardous waste sector, holding an approximately 32% market share. Its value proposition is built on the management of complex industrial waste streams, with nearly 80% of its revenue derived from specialized hazardous waste recovery and 10% from the treatment of sewage sludge for Singapore’s water recycling plants. The organization operates high-performance industrial facilities with a total annual capacity of nearly 440 Kt. Serving a blue-chip industrial client base, the company acts as a critical environmental infrastructure provider in a high-density industrial hub, ensuring the safe neutralization and recycling of specialized waste in compliance with stringent regional environmental standards.
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Historical Financials (EUR)
Similar deals in Utilities (Regulated Infrastructure)
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 02/2025 | IRETI | IREN ACQUA | ITALY | Water |
| 01/2025 | APOLLO GLOBAL MANAGEMENT / BC PARTNERS | GFL Environmental Services Business | CANADA | Hazardous Waste |
| 06/2024 | VEOLIA | ENVIROPACIFIC | AUSTRALIA | Hazardous Waste |
| 09/2023 | EURAZEO | 2B SERVICES & INNOVATIONS | FRANCE | Waste Management |
| 09/2023 | TPG | A-GAS | UNITED KINGDOM | Hazardous Waste |
| 08/2021 | STIRLING SQUARE CAPITAL / DEUTSCHE BETEILIGUNGS (DBAG) | ITELYUM | ITALY | Waste Management |
| 06/2021 | PLATINUM EQUITY | URBASER | SPAIN | Waste Management |
| 04/2019 | SECHE ENVIRONNEMENT | MECOMER | ITALY | Hazardous Waste |
| 05/2018 | ANTIN INFRASTRUCTURE | IDEX | FRANCE | District Heating |
| 06/2013 | TRITON PARTNERS | BEFESA | LUXEMBOURG | Hazardous Waste |
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 50M - 100M EUR
EBITDA range: 25M - 50M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: seche environnement