Our Waste Management business line was launched in January 2019 to exploit cooperation opportunities in the waste management sector. The objectives envisioned included acquisitions, involvement in the development of innovative technologies in the sector, and demonstrating commitment to sustainability through activities in the waste management market.
The first step was the acquisition of ECO-FIRST Kft., a biogas plant feedstock trading company founded in 2017. In July 2022, through another acquisition, ALTEO acquired a stake of more than 75% in FE-GROUP Invest Zrt.., a company founded in 1994 and engaged in complex waste management activities. Then, in 2024, exercising its purchase right as specified in FE-GROUP’s Articles of Association, it acquired a 24.9% stake in Blue Planet Venture Capital Funds (Kék Bolygó Klímavédelmi Magántőkealap), thereby gaining 100% ownership of FE-GROUP.
In the summer of 2025, ALTEO became 100% owner of ÉLTEX Kereskedelmi és Fuvarozó Kft., one of the leading waste management companies in Hungary, which – following the acquisition – continues its activities under the name ALTEO Circular. By concluding the acquisition, ALTEO has taken a significant step towards achieving its strategic goal of becoming the leading player in the domestic circular economy by 2030.
The acquisitions enable ALTEO to cover all services in the waste management industry through its subsidiaries, further strengthening the company’s commitment to the circular economy, including waste recycling. Alongside developing their existing capacities, they integrate state-of-the-art technologies into practice to enable the recovery of additional waste types beyond current material streams, thereby making a significant contribution to reducing the share of waste disposed of in Hungarian landfills, in line with EU regulations.
“Our greatest value and, at the same time, our greatest task is to look at waste as an inspirational opportunity and not as a problem.”
