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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.[citation needed] 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.

Snapshot

Market Cap: $162,822
Net Income: $880,000
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