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SITA enters Pomorskie market with PRSP acquisition


2011-09-29



SITA, a unit of Suez Environnement, has extended its footprint in Poland’s waste management market with the acquisition of PRSP, a major player in Northern Poland. The value of the transaction was not disclosed but is understood to be in the tens of millions of zlotys.

Jean-Michel Kaleta, CEO of SITA Polska, said the deal would significantly strengthen SITA’s position in the Pomorskie voivodship, where PRSP has a strong presence. It collects about 80% of waste in Gdansk, the region’s biggest city, for example.

The transaction is seen as a prelude to a wider wave of consolidation in Poland’s waste management sector as competition intensifies following the enactment earlier this year of a new waste management law. The new law makes local authorities rather than individual property owners responsible for contracting waste-disposal services for a given area, through open tenders.

At present SITA operates in 22 Polish cities. The acquisition of PRSP, which generates turnover of about PLN 80m (€18m), will take its revenues in Poland above the PLN 600m (€136m).



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