Platinum Equity entered into a definitive agreement with China Tianying to acquire the entire business of Urbaser Group.
Urbaser will be an addition to Platinum’s portfolio of the operating companies headquartered in Europe, fully in accordance with the Platinum’s strategy to continue investing in this region.
Led by José María López Piñol, CEO, Urbaser is a global environmental management company focused on sustainability and innovation, serving over 70 million people in 25 countries with 50,000 employees. It is currently responsible for cleaning over 8 million kilometers of streets in cities around the world and maintaining 25 million square meters of green space. It operates 133 waste treatment facilities for a total of 20 million tons treated, generates 1,500 GWh of electrical energy from waste and avoided the emission of almost 2 million tons of CO2 equivalent last year.
Founded in 1990 and headquartered in Madrid, Spain, Urbaser is active in 3 business lines – urban services (waste collection, street cleaning and water management), municipal waste treatment and industrial waste treatment – concentrated mainly in Spain, Chile, Argentina and France.
FinSMEs
12/06/2021