|
Bord na Móna has completed the acquisition of waste
management company - Advanced Environmental Solutions (Ireland)
Ltd (AES) - having obtained remaining regulatory consents.
The consideration for 100% of the share capital of the Company
was €61m (Click
Here).
AES is one of Ireland's largest waste management businesses,
serving over 6,000 commercial customers and some 55,000 households
through a network of waste transfer centres and recycling
facilities. The business provides an integrated waste management
offer encompassing consultation, collection, recovery and
disposal - with a strong emphasis on recycling.
This acquisition is a key element of Bord na Móna's
strategy of diversification to waste management and power
generation and follows the acquisition of Edenderry Power
from E.ON UK Plc in December last year.
John D. Hourican, Managing Director, Bord na Móna
Plc commented - "this acquisition is an important step
for the company in establishing a strong presence in the waste
management sector in Ireland. We are committed to high quality
products and services in all of our operations and we will
continue this policy in waste management, with special emphasis
on raising standards. We are also strongly focused on Research
& Development in this area to ensure maximum beneficial
impact on the environment."
He added - "the strong cash flows from our existing
businesses provide a solid platform for the company's diversification
programme, which will see it expanding into the key areas
of power generation and waste management. We intend to differentiate
ourselves by offering sustainable, high quality, futuristic
solutions in these areas in an ever challenging environment."
|
