IMM Consortium Completes Acquisition of Ecobit "Aiming to Become a Leading Environmental Industry Company"

IMM Private Equity and IMM Investment Consortium (IMM Consortium) announced on the 13th that it has completed the acquisition of Ecobit, the largest waste disposal operator in Korea.

Previously, on August 24, the IMM Consortium signed a stock purchase agreement to acquire 100% of Ecobit's shares from TY Holdings and KKR for 2.07 trillion KRW.

Ecobit is the largest comprehensive environmental company in Korea, operating various waste treatment businesses such as water treatment, incineration, and landfill. In addition to stable demand for waste disposal, it operates across the entire waste treatment value chain, earning evaluations for having a robust business model resilient to regulatory and macroeconomic changes. Based on steady demand, it achieved outstanding cash generation capabilities, with sales of 699.6 billion KRW and EBITDA of 225 billion KRW last year.

Following this acquisition, the IMM Consortium plans to further enhance Ecobit's corporate value through active facility investments in its existing business areas of water treatment, landfill, and incineration, as well as expanding into new businesses. In particular, it plans to actively pursue a 'Bolt-on' strategy by acquiring similar companies to expand its recycling business.

A representative of the IMM Consortium stated, “As the importance of ESG (Environmental, Social, and Governance) continues to grow, we will transform Ecobit into a future-oriented company leading the environmental business based on digital transformation and the adoption of eco-friendly technologies.” He added, “Based on this, we will contribute to the long-term growth of the domestic environmental industry and the creation of sustainable value.”

This content was produced with the assistance of AI translation services.