October 03, 2024
Suez enters
The Future Is NEUTRAL takes a first decisive step in opening up its capital, with the entry of SUEZ as a strategic shareholder, at 20%, alongside the historical shareholder, Renault Group.
The Future Is NEUTRAL benefits from a contribution valued at €140 million from its two shareholders, allowing it to pursue its growth plan.
In addition, SUEZ will provide human support to The Future Is NEUTRAL, through the appointment of a person to the Management Committee.
The completion of this investment and contributions is subject to the prior regulatory authorizations required for this type of transaction.
Supported by its two shareholders, industrial flagships, and references in their respective sectors, The Future Is NEUTRAL strengthens its capacity to support the various players in the automotive sector in the implementation of circular economy solutions.
The material and human contributions of its two shareholders contribute to supporting its ambitious growth plan, aiming to reach €2.3 billion in cumulative turnover from its activities and a double-digit profit.
“SUEZ’s decision to team up with us in The Future Is NEUTRAL is new evidence that we did the right move when we came up with this model. Our joint investment will allow us to accelerate towards our goal: to provide an open circular economy platform that meets the needs of all players in the automotive industry in growing activities. We are doing this by strengthening existing operations and creating new closed-loop recycling solutions, from car to car” states Luca de Meo, CEO of Renault Group.
“By investing in The Future Is NEUTRAL alongside Renault Group, SUEZ is moving into a stronger position to support automotive industry players on their ecological transition. Securing secondary raw material supplies is one of the key challenges the automotive sector has to address over the coming years. Our expertise in waste recycling and recovery will enable us to support the sector’s transformation as it transitions towards more circularity and to reduce its reliance on virgin raw materials,” explains Sabrina Soussan, Chairman and CEO of SUEZ.
A COMBINATION OF HIGH-LEVEL EXPERTISE AND A SOLID INDUSTRIAL BASE
The Future Is NEUTRAL, a 360° player in the circular automotive economy, “from car-to-car”, is strengthening its positions, thanks to a unique combination of technical expertise and industrial capacities made available by its two shareholders.
SUEZ brings: its complete mastery of automotive recycling, its expertise in automotive waste management – collection, massification, sorting and recovery of the material – and its industrial capacities to produce homogeneous flows of recycled raw materials on an industrial scale.
Following the transaction, INDRA becomes a 100% subsidiary of The Future Is NEUTRAL, strengthening the company’s presence across the entire value chain of the automotive circular economy and thus further addressing the entire automotive industry.
Renault Group provides its knowledge in eco-design and automotive life cycle, as well as the industrial capacities of the Flins Refactory (France), the first European circular economy factory dedicated to mobility.
