FCC Servicios Medio Ambiente has successfully acquired Urbaser's UK subsidiary

June 10, 2024. FCC Servicios Medio Ambiente has completed the acquisition of Urbaser's affiliate in the United Kingdom, which was announced in December 2023. FCC Servicios Medio Ambiente has operated in the British market since 1989 through its affiliate FCC Environment UK. This acquisition strengthens the company's position as one of the leading waste management operators in the country. Purchasing Urbaser's UK business will enable FCC Servicios Medio Ambiente to expand its product and service offerings and enhance its customer value proposition.

Urbaser UK operates composting, material recovery, waste-to-energy, final disposal facilities, and household recycling centers. It also provides municipal waste collection, recycling center management, and street cleaning services. Iñigo Sanz, CEO of FCC Servicios Medio Ambiente, stated, “This operation further strengthens FCC Servicios Medio Ambientes’ leading position, at both European and global levels, in the comprehensive waste management and circular economy sector.”

Steve Longdon, CEO of FCC Environment UK, expressed, “As one of the UK's most advanced waste management companies, this transaction is a testament to our shared commitment and strengthens our core services even further. We warmly welcome the Urbaser team, with whom we will continue to deliver essential services to all our customers daily, united in our mission.” Santander Corporate & Investment Bank was the financial advisor to FCC Servicios Medio Ambiente in the transaction, and Linklaters acted as the legal advisor.

About FCC Servicios Medio Ambiente

FCC Servicios Medio Ambiente is the holding company that has been the backbone of the FCC Group's environmental activities for more than 120 years. It serves over 67 million people in nearly 5,400 municipalities worldwide and manages more than 24.7 million tons of waste annually.