{"id":4495,"date":"2022-04-26T22:58:00","date_gmt":"2022-04-26T17:58:00","guid":{"rendered":"https:\/\/ambipar.com\/usa\/?post_type=noticia&p=4495"},"modified":"2022-05-25T22:59:22","modified_gmt":"2022-05-25T17:59:22","slug":"ambipar-keeps-acquisitions-on-the-radar-and-targets-growth-in-the-us","status":"publish","type":"noticia","link":"https:\/\/ambipar.com\/usa\/news\/ambipar-keeps-acquisitions-on-the-radar-and-targets-growth-in-the-us\/","title":{"rendered":"Ambipar keeps acquisitions on the radar and targets growth in the US"},"content":{"rendered":"\n

Ambipar maintains its bet on the acquisitions agenda as a growth tool, said this Wednesday the company’s financial director, Thiago Silva, in an interview with TC R\u00e1dio<\/a>. According to him, the company remains capitalized and is evaluating opportunities in the United States and Latin America.<\/p>\n\n\n\n

But the American market is the focus of Ambipar’s growth in the short term, said Silva. In the country, the company will focus on acquisitions through Ambipar Response, a subsidiary focused on managing crises and responding to environmental, chemical and biological emergencies.<\/p>\n\n\n\n

Another subsidiary of Ambipar, Environmental ESG, focused on environmental solutions such as waste management and recovery, is focused on acquisitions to increase its presence in Latin America, said Silva. In addition to Brazil, it already operates in Chile, Paraguay and Peru.<\/p>\n\n\n\n

The executive justified that the cancellation of Environmental ESG’s initial public offering, scheduled for September, was caused by market conditions. According to Silva, Ambipar is \u201cquiet\u201d and in no hurry to resume the process as it is capitalized and has the capacity to grow through mergers and acquisitions.<\/p>\n\n\n\n

Ambipar’s common shares (AMBP3<\/a>) have increased by more than 30% since the IPO in July 2020. In 2022, however, the shares are down 20%. According to Silva, the fall in the year is also the result of \u201cmarket conditions\u201d.<\/p>\n\n\n\n

The company’s share, traded at R$34.40, up 3.61%, around 2:50 pm, is below fair value, according to Silva. \u201cWe have already proven our ability to execute and return. Acquisitions are made at an attractive multiple, and our ecosystem feeds back. We believe the market is tough, but we are sure that we will be able to deliver and execute,\u201d he said.<\/p>\n\n\n\n

Text: Gustavo Boldrini
Editing: Gabriela Guedes and St\u00e9fanie Rigamonti
Image: Disclosure \/ Ambipar<\/p>\n\n\n\n