Veolia Transportation
 |
|
| Subsidiary | |
| Industry | Transportation Services |
| Fate | Merged with original Transdev |
| Founded | 1876 (1997) |
| Defunct | 2013 |
| Headquarters | Paris, France |
|
Key people
|
Henri Proglio (Chairman and CEO) |
| Products | Transportation as Veolia Transportation |
| Revenue | €6.1 billion EUR (2009) |
| Owner | Veolia Environnement |
|
Number of employees
|
83,654 (2009) |
| Website | www.veolia-transport.com |
Veolia Transport (formerly Connex and CGEA Transport) was the international transport services division of the French-based multinational company Veolia Environnement until the 2011 merger that gave rise to Veolia 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 and (until it ceased operations on 31 December 2012) Jersey.
The company was established on 1 January 1997 as CGEA Transport, when the public transport divisions of Compagnie Générale des Eaux (CGE) and its subsidiary Compagnie Générale d'Entreprises Automobiles (CGEA) were merged. The name was changed to Connex in 2000, and in November 2002 Compagnie générale française des transports et entreprises (CGFTE) was incorporated. In 2005, the name became Veolia Transport.
In 2007, the group posted revenues of €5.6 billion in 2007, and sold Veolia Cargo, the rail freight branch of Veolia Transport in 2009 to SNCF and Eurotunnel.
A merger between Veolia Transport and 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.
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 over 2012-2013. As part of this programme, Veolia would divest its participation in Veolia Transdev and exit the transport business altogether.
...
Wikipedia