Agency / Source: Veolia

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Veolia Acquires Enovity - Strengthens Energy Solution Services - Veolia Energy North America Holdings, Inc. (Veolia) has acquired Enovity, a San Francisco-based energy services firm - Enovity.com / Veolia.com
Veolia Acquires Enovity - Strengthens Energy Solution Services

 

PRZOOM - /newswire/ - Lombard, IL, United States, 2017/01/11 - Veolia Energy North America Holdings, Inc. (Veolia) has acquired Enovity, a San Francisco-based energy services firm - Enovity.com / Veolia.com. Euronext: VIE; NYSE:VE

   
 
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Enovity (enovity.com) is a strategic acquisition that complements Veolia’s existing SourceOne energy services business, providing a platform for expanding the company’s geographic footprint in the building energy services sector.

Buildings account for more than 40% of all energy consumption in the United States, and more than 30% of all energy consumed worldwide. Improving energy efficiency in buildings is fundamental for reducing greenhouse gas emissions in cities, decreasing costs and improving productivity for businesses and strengthening energy security; and thus, the circular economy.

The building energy services industry is a fast growing sector, driven by environmental regulation and energy costs, that touches all markets, especially regionally in California. The U.S. building energy efficiency market, a $64 billion industry, plays an ever critical role in controlling energy consumption and CO2 emissions in cities.

Investing in Enovity supports Veolia’s growth strategy within the energy services sector in North America. With the Enovity acquisition, Veolia’s energy solutions business expands to 250 professionals with offices in New York, Boston, Philadelphia, and four locations in California (San Francisco, Los Angeles, Irvine and Sacramento); combining the leading minds in the energy services business.

Veolia group (veolia.com) is the global leader in optimized resource management. With over 174 000 employees worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them. In 2015, the Veolia group supplied 100 million people with drinking water and 63 million people with wastewater service, produced 63 million megawatt hours of energy and converted 42.9 million metric tons of waste into new materials and energy. Veolia Environnement recorded consolidated revenue of €25 billion ($27.2 billion) in 2015.

 
 
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Agency / Source: Veolia

 
 

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Veolia Acquires Enovity - Strengthens Energy Solution Services

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Contact: Karole Colangelo - Veolia.com 
630-218-1865 karole.colangelo[.]veolia.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Veolia securities in any jurisdiction including any other companies listed or named in this release.

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