Veolia grows US footprint with Chameleon Industries acquisition
Veolia has acquired Texas-based Chameleon Industries, a specialty chemicals producer using circular economy technology to repurpose semiconductor byproducts. The move enhances Veolia's environmental solutions for advanced manufacturing. Chameleon's fit aligns with Veolia's Green Up plan, expanding services across 200+ U S sites and 2,300 employees.
Chameleon operates four production facilities in Texas, Oregon and Arizona that recover byproducts of semiconductor manufacturing for beneficial reuse. This circular economic solution helps manufacturers reduce their environmental impact and improve efficiency. This focus aligns with Veolia's Green Up strategic plan. The company is dedicated to safety, product quality, environmental compliance and product stewardship throughout its supply chain.
Bob Cappadona, President and Chief Executive Officer of Veolia North America's Environmental Solutions and Services business said: 'We are thrilled for Chameleon to join Veolia through this acquisition. As part of our Green Up strategy, adding this critical circular economy technology to our wide portfolio of environmental and infrastructure solutions helps expand our capabilities for customers and play an important role in the growth of America's technology sector. The team at Chameleon is a great strategic and cultural fit for our growing business in North America.'
Jared Garza, Chief Executive Officer of Chameleon said: 'By joining Veolia's global network of chemical recovery and environmental service operations, Chameleon will be able to better serve our customers, grow our business for the long term and provide opportunities for our people. Veolia is already an established environmental leader in the microelectronics industry, and will allow us to bring our technology to a broader segment of the industry.'
In the United States, Veolia provides a full range of waste management services, from collection to transportation to recycling and disposal. With this acquisition, the group will now employ more than 2,300 people at over 200 locations across the country, providing safe, customized services for large manufacturers in fields such as technology, healthcare and pharmaceutical and petro and agriculture chemicals. The business is also a hub of innovation to support environmental sustainability, developing pioneering solutions for the recycling and repurposing of a wide range of materials including wind energy blades and industrial solvents. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
ALCHEMPro News Desk (HU)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
8 minutes ago
- India.com
Masterstroke by Mukesh Ambani as Reliance to invest Rs 4300000000 in Bengaluru-based startup, it deals in..., name is...
Mukesh Ambani (File) In a significant decision which could provide a major boost to India's growing spacetech industry, Mukesh Ambani-led Reliance Industries is mulling to invest $50 million (about Rs 430 crore) in Digantara Research & Technologies, a Bengaluru-based spacetech startup, which is developing technology that can track objects in the Earth's orbit. How much is Mukesh Ambani Reliance Industries investing? According to a report by The Economic Times, Reliance Industries, India's most valued domestic firm led by billionaire Mukesh Ambani, is in advanced discussions to lead a Rs 430 crore funding round in Digantara, along with existing investors like Peak XV Partners. 'Reliance has evaluated multiple startups in the spacetech segment. It is looking at companies building novel solutions in the sector. Its talks with Digantara are at an advanced stage,' the report quoted a source familiar with the matter as saying. What does Digintara do? Co-founded by Anirudh Sharma (CEO), Rahul Rawat (COO), and Tanveer Ahmed (CTO), Digintara is a spacetech startup based in Bengaluru, working on the development of technologies which can track bjects in Earth's orbit. Earlier, in March, Digintara launched a satellite capable of tracking debris as small as 5 cm, and is currently providing services to defence agencies in both India and the United States, as per the report. According to the report, Digintara plans to deploy a constellation of about a dozen surveillance satellites by the end of 2026. The company has launched three satellites so far, one of which is part of the proposed satellite constellation. A major chunk of the upcoming funding round will be dedicated in developing and launching these satellites. 'Given the volatility in global geopolitics, every country is focused on having its own indigenous sovereign solutions that can be controlled in times of crisis. That's where the opportunity lies for startups like Digantara,' the report quoted a source as saying. The company established a manufacturing and operations facility in the US in February 2024, and expects to earn a revenue of $25–30 million (Rs 220–260 crore) from its US operation in the next 2-3 years.
Time of India
24 minutes ago
- Time of India
Manipal Hospitals seeks CCI nod to acquire Sahyadri Hospitals for about Rs 6,400 cr
New Delhi: Healthcare major Manipal Hospitals has sought approval from the fair trade regulator CCI to acquire Pune-based Sahyadri Hospitals from global investor Ontario Teachers' Pension Plan Board in a deal pegged at around Rs 6,400 crore. The companies did not share the deal size, but industry sources estimate the transaction to be in the range of Rs 6,200-6,400 crore. "The proposed transaction envisages the acquisition of up to 100 per cent shareholding by the acquirer (Manipal Hospitals Pvt Ltd) in the target (Sahyadri Hospitals Pvt Ltd) in multiple tranches," according to a notice filed with the Competition Commission of India (CCI). Manipal Hospitals and Sahyadri Hospitals said the "proposed transaction does not have any impact on any relevant market in India, let alone any appreciable adverse effect on competition (AAEC), and therefore, the definition of the relevant product and geographic market may ultimately be left open. In any event, in order to aid and assist the CCI in its assessment". Last month, Manipal Hospitals announced that it had inked definitive agreements with Ontario Teachers' for the acquisition. The Bengaluru-based healthcare major said the acquisition of Sahyadri Hospitals will bring Manipal's total bed count to about 12,000, making it one of India's largest hospital networks. The acquisition will add 11 hospitals to Manipal's network across Pune, Nashik, Ahilya Nagar and Karad, increasing its total number of hospitals to 49, it added. Through this acquisition, Manipal said it will expand its presence in western India, in line with its strategy to augment its pan-India footprint. "With the strong partnership of our valued stakeholders like Temasek and our other investors, we are excited to grow our operations and bring Manipal's trusted brand of quality healthcare to many more patients," Manipal Health Enterprises MD and CEO Dilip Jose said. Manipal Education and Medical Group (MEMG) Chairman Ranjan Pai said the acquisition will strengthen Manipal's presence in western India. "With this expansion, Manipal Hospitals will have a network of approximately 12,000 beds nationwide, solidifying our position as one of the largest hospital chains in India," he added. Manipal Hospitals is backed by Temasek, a global investment company, headquartered in Singapore, with a net portfolio value of around USD 324 billion as of March 31, 2025. A global investor with net assets of USD 266.3 billion as of December 31, 2024, Ontario Teachers' Pension Plan Board (Ontario Teachers') acquired a majority stake in Sahyadri in 2022. The Pune-based hospital chain is now one of Maharashtra's largest, with 11 hospitals and over 1,400 beds.
Mint
32 minutes ago
- Mint
How to calculate stamp duty on the share of property my brother is gifting me?
—Name withheld on request As per Indian Stamp Act, 1899 read with state-specific laws, most states prescribe stamp duty on a gift deed as calculated based on the share being transferred as per the current market value, not the original contribution ratio — unless the shareholding is clearly recorded in the registered sale deed. In your case, although your brother contributed 30% of the purchase price, the registered deed considers both of you as 50:50 co-owners, since there's no explicit mention of contribution ratios. A money receipt, while helpful, is not conclusive evidence of ownership proportion in property law unless acknowledged in the title document itself. So, if the current market value of the property is ₹ 100 and your brother is gifting 'his share,' the stamp duty would typically be calculated on ₹ 50 (i.e. half the property's current market value), not ₹ 30. That said, stamp duty rates and exemptions vary by state. Some states offer concessional stamp duty for gifts between siblings or close relatives, and the definition of 'relative' for this purpose may also differ. It's advisable to consult the local Sub-Registrar and/ or a property lawyer to check if sibling-to-sibling gifts qualify for such concessions in your state. —Name withheld on request Under law, Hindu Undivided Family (HUF) is treated as a separate entity, distinct from its members (including Karta). The HUF has its own PAN, bank accounts, demat accounts and files its own tax returns. ESOPs are granted to an individual in their capacity as an employee, and are not usually transferable to the HUF, even after vesting. In most cases, the terms of the ESOP plan are likely to prohibit any such transfer. Even if technically permitted, shifting vested ESOPs to the HUF for tax planning may not work in substance. In short, ESOPs cannot be used for HUF-based tax planning. Routing such income through the HUF would likely be considered tax avoidance, and the income may still be clubbed back to the original holder under section 64(2) of the Income-tax Act, 1961. CA Vijaykumar Puri, partner at VPRP & Co LLP, Chartered Accountants
