Safetykleen has signed an agreement with Metalwash on 8th November 2023 to acquire control of the majority of the voting rights in Metalwash at both board and shareholder levels.
The planned completion date for this transaction is 21st December 2023. The agreement also gives Safetykleen an option to acquire the remainder of Metalwash’s shares at a later stage. Safetykleen and Metalwash will continue to operate separately under their existing management teams and brands until completion.
We believe that Safetykleen and Metalwash both provide best-in-class solutions to their customers, and that there are significant synergies to unlock as we harness the skill-sets and dedication of both sets of employees to serve more customers better and to further us in our ambition to make our planet Safer and Kleener.
Safetykleen provides parts cleaning, waste management and environmental advisory services to customers in 13 countries including multiple European markets, the UK, Turkey and Brazil. In the UK, Safetykleen is a provider of parts cleaning machines, parts cleaning services and waste management services. Safetykleen is wholly-owned by funds advised and managed by Apax Partners LLP.
Metalwash specialises in the sale, rental and service of parts washers and automated cleaning solutions in the UK.
