Veolia Transport - Veolia Transport History - A
Veolia Transport - A
Veolia Transport (formerly Connex and CGEA Transport) was the international transport services division of the French-based multinational company Veolia until the 2011 merger that gave rise to Veolia Transdev, later renamed Transdev.
Veolia Transport traded under the brand names of Veolia Transportation in North America and Israel, Veolia Transport, Veolia Verkehr in Germany and with the former name Connex preserved in Lebanon, Melbourne (until it ceased operations in 2009) and Jersey (until it ceased operations on 31 December 2012) .
Until 2011, Veolia had diverse road and rail operations across the globe, employing 72,000 workers worldwide and serving completely or partly about 40 metropolitan areas with more than 1,000,000 inhabitants.
Veolia Transport History
Veolia Transport CGEA Transport
The company was established on 1 January 1997 as CGEA Transport, created from the public transport business of Compagnie Générale d'Entreprises Automobiles (CGEA), which was a subsidiary of Compagnie Générale des Eaux (CGE).
CGEA was previously acquired by CGE in 1980, and its waste management and environmental services division was already rebranded Onyx Environnement in 1989, leaving CGEA with only the transport business. Compagnie générale française des transports et entreprises (CGFTE) was also acquired by CGE in the 1980s, was also absorbed into CGEA in 1988.
Vivendi, Connex and Veolia
CGE, the ultimate parent company, was later renamed to Vivendi in 1998, and created Vivendi Environnement in 1999 to consolidate its environmental divisions including the transport division. Vivendi Environnement was renamed Veolia Environnement in 2003.
As a result, the name of CGEA Transport was rebranded Connex in 1999, adopting the brand that its South Central and South Eastern rail franchises in South East England had traded under since 1996. In 2005, as a result of global rebranding of all Veolia Environnement subsidiaries, Connex was renamed Veolia Transport. Some operations such as Connex Melbourne retained the Connex name and logo.
In 2007, the group posted revenues of €5.6 billion, and sold Veolia Cargo, the rail freight branch of Veolia Transport in 2009 to SNCF and Eurotunnel.
A merger between Veolia Transport and the old Transdev was announced on 23 July 2009. Transdev was then a subsidiary of Caisse des Dépôts. The merger was completed in March 2011. Veolia Transdev became the world's private-sector leader in sustainable mobility with more than 110,000 employees in 28 countries. Veolia Transdev was renamed and simplified to Transdev in 2013.
In July 2011, amid disappointing financial results, Veolia Environnement announced the launch of new restructuring plans and redeployment of assets and businesses. In December 2011, Veolia announced a €5bn divestment program in 2012 and 2013. As part of this programme, Veolia would divest its participation in Transdev and exit the transport business altogether. In January 2019, Veolia sold the last of its Transdev shares to the Rethmann Group, the owner of Rhenus.
Veolia Transport Overview
Veolia Transport Type: Transport Division