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Lünen. On 03 July, REMONDIS International GmbH sold its municipal and commercial waste collection activities in the Czech Republic to the Czech subsidiary of AVE Energie AG Oberösterreich Umwelt GmbH. TSR and REMONDIS DATA Office, both owned by REMONDIS AG & Co. KG, shall continue to expand their business activities in the country. The takeover must still be approved by the Czech Cartel Office. Both parties have agreed not to disclose any financial details..
The AVE Group – a fully owned subsidiary of the infrastructure company Energie AG Oberösterreich – is one of the leading company groups active within waste management on the markets in Central and Eastern Europe. In 2004, AVE made the strategic decision to expand internationally outside its core market Austria, where it is the clear market leader, and this strategy has proven to be a great success. AVE currently has around 4,300 employees at over 100 locations. Approx. 5 million people in Austria, Bavaria, the Czech Republic, Hungary, Romania and Slovakia have their waste collected in containers carrying the red-white-red AVE logo. Besides the many municipal customers, just under 50,000 commercial and industrial customers make use of AVE’s comprehensive range of services and know-how.
REMONDIS is one of the world’s largest privately run water and environmental service companies providing services for more than 20 million people. REMONDIS has branches and associated companies in 21 European countries as well as in China, Japan, Taiwan and Australia.
Further information is available from:
REMONDIS SE & Co. KG
Marketing & Corporate Communication
T +49 2306 106-515