Veolia Acqua

What Veolia Acqua does

Veolia Acqua is the Italian water services operation of Veolia Environnement SA, a publicly traded environmental services company headquartered in Paris and listed on Euronext Paris (ticker: VIE). The entity reported FY2025 revenue of €2,650M and operates within a parent group with 216,000 employees across 55+ countries, delivering integrated water, waste, and energy management solutions to municipalities and industrial clients.

The company's core offering spans three integrated verticals: water (production, distribution, treatment, desalination, industrial water management, and reuse via REUT technology), waste (collection, sorting, recycling, hazardous waste treatment, and energy recovery including PlastiLoop for recycled plastics), and energy (local production, district heating, electrical flexibility through Flexcity, and building/industrial energy performance). Proprietary technologies include Drop Technology (99.9999% PFAS destruction effectiveness), BeyondPFAS integrated treatment, GreenPath Zero Carbon (100+ decarbonation solutions), and the Hubgrade AI-powered digital platform. The company also operates specialty brands including Water Technologies, Nuclear Solutions, Hazardous Waste Europe, Air Quality, and Engineering & Consulting.

The business model is built on long-term municipal concessions (typically 5-30 years) and industrial service contracts, with revenues generated through managed services for water/waste/energy delivery plus technology licensing and consulting. Notable customers include SEDIF (12-year Greater Paris water contract), TotalEnergies (strategic alliance), Amazon (data center wastewater reuse), ADNOC and SATORP (Middle East water management), and major FMCG companies (L'Oréal, Unilever, Nestlé) for circular economy partnerships. Go-to-market combines direct enterprise sales teams for municipal and large industrial contracts with channel partnerships for technology distribution and regional operations in emerging markets. The strategic direction is anchored by the GreenUp 2024-2027 program focused on ecological transformation, with specific targets including €1B annual data center revenue by 2030 and 3x market growth in water technology.

Name

Veolia Acqua

Legal name

VEOLIA ENVIRONNEMENT

Website

https://veoliaacqua.it

Company type

Public

Founded year

1853

Operating status

Operating

Headcount range

11–50 employees

Short description

Veolia Acqua is the Italian water services subsidiary of Veolia Environnement SA, providing water production, treatment, and distribution to municipalities and industrial clients. Operations sit within a 216,000-employee global group delivering integrated water, waste, and energy solutions across 55+ countries.

Ownership category

akta.pro rank

Product category

Environmental Services (Water, Waste, and Energy Management)

NAICS

Water Supply and Irrigation Systems (221310), Sewage Treatment Facilities (22132), Waste Management and Remediation Services (562), Remediation and Other Waste Management Services (5629), Environmental Consulting Services (541620)

SIC

Water Supply (4941), Electric, Gas & Sanitary Services (4900), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Advanced Treatment & Purification Utilities (MF/UF, RO, AOP, UV) (EUANAGAD)

akta.pro secondary industries

Direct Potable Reuse (DPR) Utilities (Advanced Treatment & Blending) (EUANAGAC), Industrial Water Reuse Utilities (ZLD/MLD & Process Water Recycling) (EUANAGAG), Water Reuse & Reclamation Infrastructure Construction (Recycled Water Systems) (IMAFAGAH), Water & Wastewater Compliance (NPDES/Stormwater, Pretreatment, Drinking Water/SDWA) (EUAHABAB)

Keywords

• Water management services
• Waste management recycling
• Energy services distribution
• Environmental services infrastructure
• Resource recovery solutions

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Water Management Services: Production and distribution of drinking water, collection and treatment of wastewater, industrial water management. Revenue generated through long-term municipal concessions and industrial service contracts.
2. Waste Management and Recycling: Collection, sorting, material recovery, hazardous waste treatment, and energy recovery from waste. Services to municipalities and industrial clients through public service delegations and commercial contracts.
3. Energy Services: Local energy production and distribution, district heating networks, electrical flexibility services through Flexcity, energy performance for buildings and industries. Revenue from energy sales and service contracts.
4. Technology Licensing and Consulting: Engineering and consulting services, technology solutions licensing including Water Technologies and proprietary treatment solutions sold to industrial clients and other operators.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Veolia Acqua provides integrated environmental management services across three core divisions: Water (drinking water production and distribution, wastewater collection and treatment, desalination, industrial water management), Waste (collection, sorting, material recovery, hazardous waste treatment, energy recovery from waste), and Energy (local energy production and distribution, district heating networks, electrical flexibility, building energy performance). The company operates through long-term municipal concessions (5-30 years), public service delegations, and industrial service contracts with clients across municipalities, industries, and emerging segments such as data centers and semiconductors.

Product overview

Veolia offers an integrated portfolio of environmental management services organized around three core divisions: Water (production, distribution, treatment, desalination, industrial water management), Waste (collection, recycling, hazardous waste, energy recovery), and Energy (local production, district heating, flexibility, decarbonation). The company operates specialty brands including Water Technologies, Nuclear Solutions, Hazardous Waste Europe, Air Quality, and Engineering & Consulting. Key digital and solution products include Hubgrade (AI-powered digital solutions), GreenPath Zero Carbon (decarbonation), BeyondPFAS (PFAS treatment), and Data Center Resource 360 (integrated data center solutions). The portfolio is unified under the GreenUp strategic program 2024-2027 focusing on ecological transformation.

Differentiator

Problem solved

Functional benefit

Brands

• Air Quality: Air quality monitoring and management solutions
• Ingénierie & Conseil
• Hazardous Waste Europe
• Industries Global Solutions
• Nuclear Solutions
• OFIS
• SEDE BENELUX
• Veolia Agriculture
• Water Technologies
• Hubgrade
• GreenPath Zero Carbon
• BeyondPFAS
• PlastiLoop
• Flexcity
• Terra Academia
• Data Center Resource 360

Products and services

• Hubgrade Digital and AI-powered solutions for the ecological transformation of cities and industries, enabling resource optimization and management across water, waste, and energy operations.
• GreenPath Zero Carbon Comprehensive decarbonation solution offering over 100 sustainable decarbonation models to help clients accelerate their decarbonation journey and achieve net-zero targets.
• Water Technologies Specialty brand providing water treatment technologies and solutions for municipal and industrial applications, including equipment and systems.
• Desalination Solutions Seawater desalination solutions addressing water scarcity and climate change impacts, providing sustainable water supply for municipalities and industries.
• BeyondPFAS Integrated PFAS (Forever Chemicals) treatment offer providing comprehensive solutions for PFAS contamination management in water systems.
• REUT (Reuse of Treated Wastewater) Reuse of treated wastewater solutions for sustainable water management, resource regeneration, and industrial applications including data center cooling.
• Battery Recycling Electric vehicle battery recycling solutions enabling closed-loop circular economy for critical battery metals.
• Industrial Water Management Comprehensive water management solutions for industrial clients including treatment, recycling, and process optimization for manufacturing, petrochemical, and energy sectors.
• Urban Heating Networks District heating and cooling solutions for urban areas, including decarbonation of urban heat networks and energy distribution.
• Nuclear Solutions Nuclear industry solutions including radioactive waste treatment and management services for nuclear facilities, including decommissioning services.
• Hazardous Waste Europe Hazardous waste treatment and management services across Europe for industrial and municipal clients.
• Air Quality Air quality monitoring and management solutions for municipalities and industrial clients.
• Engineering and Consulting Engineering and consulting services for environmental solutions, supporting client infrastructure design and project delivery.
• Data Center Resource 360 Integrated next-generation solution for data centers addressing water, energy, and waste management needs for digital infrastructure, including treated wastewater reuse for cooling applications.
• Flexcity Electrical Flexibility Electrical flexibility solutions for grid reliability using energy storage and demand response, providing flexible energy capacity to European grid operators.
• PlastiLoop Global recycled plastics solutions for circular economy in plastics, providing high-quality recycled materials from waste streams for consumer goods and industrial applications.

Quantifiable outcome

• 99.9999% PFAS destruction rate with proprietary Drop technology
• +5 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Partnerships

23 partnerships are on record, tiered core, regional, innovation and flagship.

• AmazoncoreStrategic or Co-development Partner · 27 April 2026Collaboration to deploy wastewater reuse for data center cooling. Veolia provides treated wastewater for cooling Amazon data centers, supporting sustainability goals while addressing water scarcity challenges.
• Science City Guangzhou Investment GroupregionalStrategic or Co-development Partner · 5 December 2025Agreement to establish innovative decarbonation project in China. Joint development of carbon reduction initiatives in the Guangzhou region.
• EnagásinnovationStrategic or Co-development Partner · 25 November 2025Joint inauguration of first urban cold recovery network from LNG terminal in Barcelona. Innovative project recovering cold from LNG for urban use.
• TotalEnergiesflagshipStrategic or Co-development Partner · 6 October 2025Strategic alliance for energy transition and circular economy. Includes biomethane production acceleration, construction of largest solar plant for seawater desalination in Oman, and microalgae cultivation from CO2 for biofuels. Multiple joint projects across energy and environmental services.
• AFD (French Development Agency)coreStrategic or Co-development Partner · 18 July 2025Strategic partnership to accelerate ecological transformation in developing countries. Combines Veolia's environmental expertise with AFD's development financing capabilities.
• YaracoreStrategic or Co-development Partner · 18 July 2025Partnership to advance circular economy in European food and agricultural production chains through nutrient recycling and closed-loop systems.
• PFO AfricaregionalChannel Partner/ Reseller/ Distributor · 18 July 2025Joint operation of one of largest drinking water production plants in West Africa in Ivory Coast. PFO Africa as local partner for operations.
• FaureciainnovationStrategic or Co-development Partner · 8 June 2025Partnership for using recycled plastics in automotive interiors. Pioneers in sustainable mobility through recycled content integration.
• ADNOCcoreStrategic or Co-development Partner · 17 February 2025Strategic partnership with Abu Dhabi National Oil Company to optimize water management. Veolia provides expertise for water treatment and efficiency improvements at ADNOC operations.
• Mistral AIinnovationTechnology or Integration · 5 February 2025Partnership to revolutionize resource efficiency management through generative AI. Veolia leveraging Mistral AI technology to enhance ecological transformation services and resource optimization.
• Saudi Investment Recycling CompanyregionalStrategic or Co-development Partner · 3 December 2024MoU to create regional champion for waste treatment in Saudi Arabia. Joint venture for waste management services in the Middle East.
• L'OréalcoreStrategic or Co-development Partner · 11 October 2023Supply of recycled plastic to L'Oréal for circular economy in cosmetics packaging. Veolia provides high-quality recycled materials from waste streams.
• UnilevercoreStrategic or Co-development Partner · 11 October 2023Three-year partnership to improve waste collection and recycling infrastructure for sustainable packaging. Focus on eleven priority countries across Asia, Africa, Latin America, and Europe.
• NestlécoreStrategic or Co-development Partner · 11 October 2023Partnership for plastic waste collection, sorting, and recycling, particularly flexible plastic packaging. Collaboration across eleven priority countries.
• Reckitt Benckiser (RB)coreStrategic or Co-development Partner · 11 October 2023Partnership for plastic circular economy transition. RB supplies waste streams, Veolia provides collection and recycling infrastructure.
• Waga EnergycoreStrategic or Co-development Partner · 31 March 2022Partnership to produce biomethane from waste. One of largest biomethane production units in Europe, converting landfill gas to renewable natural gas.
• EDFcoreStrategic or Co-development Partner · 30 November 2021Creation of Waste2Glass joint venture for innovative radioactive waste treatment solutions. Also Graphitech JV for nuclear graphite treatment. Deep nuclear industry collaboration.
• AngloGold AshanticoreStrategic or Co-development Partner · 6 July 2021Treatment of water for gold mine in Obuasi, Ghana. Three-year contract for operation and maintenance of mine water treatment facilities.
• Tara Ocean FoundationinnovationStrategic or Co-development Partner · 8 June 2021Joint organization of PlankThon Challenge ecological hackathon focused on ocean preservation, combining marine science with environmental innovation.
• SuezflagshipStrategic or Co-development Partner · 30 April 2021Completed merger with Suez in 2022, creating global champion of ecological transformation. Combined capabilities in water, waste, and energy services. Sale of certain assets required by regulatory authorities.
• SolvaycoreStrategic or Co-development Partner · 18 March 2021Partnership for circular economy including closed-loop recycling of electric vehicle battery metals in Europe. Also joint Dombasle Énergie transition project.
• Groupe RenaultcoreStrategic or Co-development Partner · 18 March 2021Joint forces to recycle electric vehicle battery metals in closed loop in Europe. Consortium for circular ecosystem for EV and hybrid batteries.
• Tetra PakcoreStrategic or Co-development Partner · 19 November 2018Partnership to recycle all components of food cartons in European Union by 2025. Veolia provides sorting and recycling expertise for complex multi-material packaging.

Scale indicators18 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ecolab: Global leader in water, hygiene, and energy technologies serving industrial clients including food/beverage, manufacturing, and energy. Comparable to Veolia's industrial water management business on customer approach (large industrial accounts), technology licensing, and recurring service contracts.
• American Water Works Company: Largest publicly traded US water and wastewater utility operating regulated water/wastewater services to ~14 million people. Closest US-listed peer for Veolia's municipal water utility business with similar regulatory monopoly model, concession infrastructure, and capex-driven growth profile.
• SUEZ (merged entity): Portion of the former Suez group retained after the 2022 Veolia acquisition as an independent entity focused on water and waste services. Operates overlapping concessions in Europe and competes with Veolia in retained geographies; same concession model, same regulators, same customer verticals.
• Xylem: Global water technology company providing pumps, treatment systems, and smart metering for municipal and industrial water applications. Comparable to Veolia Water Technologies and Solutions sub-brand on product offerings, target customers (utilities and industrial), and technology breadth.
• Pentair: Water treatment and flow control solutions serving residential, commercial, and industrial water applications. Comparable to Veolia Water Technologies on technology focus, membrane/filtration offerings, and overlap with industrial customer base.
• Veralto: Water quality and product identification technology company spun off from Danaher in 2023. Comparable to Veolia on water quality measurement, treatment chemistry, and analytical systems for both municipal and industrial customers, with similar recurring revenue model.
• Suez: Direct historical competitor in water, waste, and environmental services; now substantially merged with Veolia (2022), with the post-divestiture Suez continuing to operate as a focused water and waste player in Europe and internationally. Most directly comparable peer given identical markets, concession model, and customer base.

Broad incumbents

• ENGIE: French global utility providing electricity, gas, and energy services with growing water and environmental services. Closest public-market incumbent peer to Veolia on integrated utility scale, European concessions, and B2B/B2G municipal customer base, though ENGIE's water exposure is narrower.

Regional players

• Organo Corporation: Japanese water and environmental solutions company serving industrial and municipal customers with water treatment, recycling, and process technologies. Comparable to Veolia on industrial water reuse, ZLD/MLD, and ultrapure water offerings, primarily competing in Asia-Pacific markets.
• Kurita Water Industries: Japanese water treatment company serving industrial and semiconductor clients globally with specialty chemicals and ultrapure water systems. Comparable to Veolia's industrial water and semiconductor offerings, particularly aligned on PFAS, semiconductor UPW, and Asian semiconductor-foundry customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/veolia
• YouTubeyoutube.com/user/veoliaenvironnement
• LinkedInlinkedin.com/company/veolia-acqua

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veolia Acqua