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Cleanaway Waste Management ( (AU:CWY) ) has provided an announcement.
Cleanaway Waste Management Limited has received approval from the Australian Competition and Consumer Commission (ACCC) for its acquisition of Contract Resources, which is set to be completed by the end of July 2025. This strategic acquisition will enhance Cleanaway’s Industrial Services business, positioning it as a leading provider of integrated technical services in the oil & gas, resources, and industrial sectors. The acquisition is expected to accelerate Cleanaway’s strategy in decommissioning, decontamination, and remediation, allowing the company to secure a larger share of these projects and manage complex, hazardous waste streams more effectively.
The most recent analyst rating on (AU:CWY) stock is a Buy with a A$3.25 price target. To see the full list of analyst forecasts on Cleanaway Waste Management stock, see the AU:CWY Stock Forecast page.
More about Cleanaway Waste Management
Cleanaway Waste Management Limited is Australia’s leading total waste management, industrial, and environmental services company. It operates with a team of over 8,000 staff and a fleet of more than 6,100 specialist vehicles from approximately 330 locations across Australia. The company offers comprehensive waste, recycling, and liquids collection services, supported by a network of recycling facilities, transfer stations, engineered landfills, liquids treatment plants, and refineries, all aimed at achieving a sustainable future.
Average Trading Volume: 6,332,247
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$6.07B
See more insights into CWY stock on TipRanks’ Stock Analysis page.