Cleanaway Waste Management Ltd. ( (AU:CWY) ) has issued an update.
Cleanaway Waste Management Limited has announced the acquisition of Contract Resources Group Pty Limited for $377 million, aiming to enhance its industrial services offering. This strategic acquisition is expected to accelerate Cleanaway’s growth strategy, particularly in decommissioning, decontamination, and remediation services, and is anticipated to deliver significant cost synergies and earnings growth. The acquisition will strengthen Cleanaway’s market position by integrating production-critical technical services and leveraging long-term customer relationships, positioning the company as a leading provider in the oil & gas sector.
More about Cleanaway Waste Management Ltd.
Cleanaway Waste Management Limited operates in the waste management industry, providing comprehensive waste management solutions. The company focuses on industrial waste services, including decommissioning, decontamination, and remediation, and aims to expand its market presence in the oil & gas, resources, and industrial sectors.
YTD Price Performance: 15.15%
Average Trading Volume: 2,240
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.63B
See more insights into CWY stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com