A2A buys the composting plant of Sanitaria Group and takes another step forward in the Green Economy
Selective acquisition valued at 7.45 million euros which will mean improved services in Lombardy
Milan, 9 November 2016 - A2A continues its acquisition strategy aimed at obtaining environmental benefits and improving the services offered to the region: through the subsidiary A2A Ambiente, the Group has completed the acquisition of a branch of the company Sanitaria Group Srl dedicated to managing a composting plant. The plant, located in the Municipality of Bedizzole (BS), employees 18 people and has a treatment capacity of around 80,000 tonnes/year of green fraction obtained from the separate waste collection of municipal solid waste (MSW), from agriculture or from companies operating in the gardening, flower-growing and similar sectors.
“This acquisition,” explained Valerio Camerano, Chief Executive Officer of the A2A Group, “reaffirms A2A's leadership role in the circular economy sector and allows us to pursue objectives linked to the Green Economy with more energy, production capacity and efficiency, consolidating the Group’s growth in the environment sector in line with the strategic objectives of the Business Plan.”
This transaction will give A2A Ambiente its own plant to transfer the waste collected by the Group thereby internalizing the associated margins.
The average annual EBITDA attributable to the branch of Sanitaria Group is around 1.1 million euros.
The purchase price has been agreed as 7.45 million euros, including an area valued at 1 million euros which can be used by A2A Ambiente for future projects.
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