Cleanaway Waste Management agreed to acquire the waste and recycling business and assets of Citywide Service Solutions for a total consideration of $110 million.
The acquisition includes a 35-year lease for the Dynon Road waste transfer station in West Melbourne, which currently processes over 200,000 tonnes of waste annually.
Citywide Waste serves approximately 1,500 municipal, commercial, and industrial customers in Melbourne, including the Melbourne City Council.
The inclusion of Citywide Waste into Cleanaway's operations is expected to expand its collections business and solid waste services infrastructure network in the Melbourne region.
The transaction is subject to regulatory approval from the Australian Competition and Consumer Commission.