Veolia has acquired Enviropacific, an environmental services company specialising in remediation, water treatment and hazardous waste management, for $250 million.
Enviropacific, a portfolio company of Next Capital, specialises in the treatment of per- and polyfluoroalkyl substances (PFAS), also known as forever chemicals.
Enviropacific reported a turnover of around $250 million in FY 2025 and operates in all the states and territories across the country with nearly 300 employees.
Veolia has been treating PFAS in Australia for more than two decades. Its worked includes providing soil remediation, contaminated waste and water treatment, as well as in-field technical projects, supported by infrastructure such as thermal and soil washing facilities, landfill assets and water treatment sites.
“With this acquisition Veolia continues to pioneer new standards in environmental remediation and accelerate the deployment of our most advanced technologies in Australia. This is exactly what GreenUp is about: combining innovation, performance and impact to address the world’s most critical environmental challenges,” Veolia CEO Estelle Brachlianoff says.
PFAS contamination has become a major issue, largely due to past firefighting foam use at defence sites, airports and industrial facilities with an impact on soil and groundwater in multiple regions.
The company aims to achieve €1 billion (AU$1.68 billion) in revenue from micropollutants treatment by 2030 through its BeyondPFAS offering. The latest acquisition is expected to give it a more definitive path to help reach that target.
In 2018, Veolia’s Brooklyn facility in Victoria was the first to receive Environment Protection Authority licensing for treating PFAS-impacted wastewater.
Facilities like Veolia’s thermal desorption plant, EarthSure, a joint venture with Ventia in Victoria, can treat PFAS-contaminated soil and render it reusable.
Veolia also has portable technology capable of treating up to 70 percent of PFAS-contaminated water on-site, reducing the need for off-site processing.
Read more: Veolia’s new offering fights ‘forever chemicals’ in Australia
