Veolia acquires 94.5% of Schradenbiogas from BayWa. As part of its waste management business, Schradenbiogas’ portfolio includes three operational assets in Germany, with a combined annual biomethane output of approximately 9m Sm3.
About the Target – SCHRADENBIOGAS
Schradenbiogas GmbH & Co. KG (“Schradenbiogas”) is a waste manager and operator of three biogas plants converting organic waste to a combined biomethane production of around 9m Sm3 p.a.. The technology used by Schradenbiogas holds relevant certificates and the company owns a patented processing technology, preparing substrate intake streams more efficiently. The company has been operating reliable and highly efficient biogas plants for over 20 years and employs about 100 people. In addition to waste processing, the business activities also include plant construction and technical and commercial consulting.
About the Seller – BayWa
BayWa AG (“BayWa”) is a Munich-based company that has been in operation since 1923. It specializes in the distribution and sale of a diverse range of agricultural supplies and services, including seeds, fertilizers, and animal feed. Additionally, BayWa is actively involved in the renewable energy sector, with a focus on solar and wind solutions. The company has a global presence, with subsidiaries and offices in over 40 countries and employs over 21,000 people.
About the Buyer – Veolia
Veolia Environment S.A. (“Veolia”) is a global leader in environmental services, operating in 40 countries across the world. The company provides a range of services to municipalities, industries, and individuals, including water treatment and management, waste collection and recycling, and energy management. Veolia operates biogas plants that convert organic waste into renewable energy in form of electricity, heat, or biomethane.