A business acquisition brings a Boothwyn, Pennsylvania – based company under a global leader in environmental services.
Veolia is acquiring Icetec, an energy management company serving major institutions, especially in higher education and healthcare. Icetec’s 15 local employees will stay on through the merger.
Veolia is looking to expand its presence in the “digital and distributed energy industry.” This comes at a time when energy supply, resilience and affordability are significant issues in Delaware and the surrounding region.
“We are thrilled to welcome Icetec to Veolia,” Veolia Sustainable Industries and Buildings business President and CEO Karin Hamel said. “This valuable acquisition will be an integral part of our GreenUp strategy as we grow our energy services business by helping our customers conserve energy and reduce their environmental impact with future forward, digital capabilities. We believe combining Icetec with our existing digital platforms will provide an enhanced and differentiated experience for our customers.”
”Joining Veolia is an important step forward for our company to help us reach new markets, better serve our customers, achieve greater impact and provide growth opportunities for our team,” Icetec Founder and CEO Michael Webster said. “With the opportunities across power markets in North America, we are excited to become part of a global energy and sustainability leader like Veolia where we can continue to develop and deploy Icetec’s management and optimization solutions to a broader set of industries and customers.”
Veolia North America is also one of Delaware’s largest providers of water services.
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