Environmental services leader Veolia has completed its acquisition of Icetec, a Pennsylvania-based digital and distributed energy management company with over 20 years of experience in generating energy savings and operational improvements.
This acquisition will enhance Veolia’s energy service offerings in North America and provide additional capabilities to its Hubgrade digital platform. As the electricity market becomes more volatile, Icetec’s customers will benefit from Veolia’s comprehensive services, which aim to improve environmental performance.
This move supports Veolia’s GreenUp strategy, which aims to double revenue in the U.S. and Canada by 2030, with a focus on decarbonization and pollution reduction. The Icetec team will leverage its expertise and software solutions to support Veolia’s Sustainable Industries and Buildings division, enabling clients to optimize energy assets across various sectors, including higher education, healthcare, and industry.
KEY QUOTES:
“We are thrilled to welcome Icetec to Veolia. 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.”
Karin Hamel, President and Chief Executive Officer of Veolia’s Sustainable Industries and Buildings business
”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. 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.”
Michael Webster, Founder and Chief Executive Officer of Icetec
