May 7 (Reuters) - French group Veolia said on

Wednesday it will buy the 30% of shares in Water Technologies

and Solutions (WT&S) that it does not already own from Quebec

Deposit and Investment Fund (CDPQ) for $1.75 billion.

The waste and water management company also announced $750

million in three new contracts to supply water to clients in the

energy and semiconductor sectors.

Veolia also estimated that gaining full control of WT&S will

help it extract 90 million euros ($102.3 million) of additional

cost synergies by 2027.

"This (deal) will allow us to take full control of all our

water technology branches, and thus deliver the full potential

of this activity, which is at the heart of our strategic

business," CEO Estelle Brachlianoff told Reuters.

Over half of WT&S's business is in North America, the CEO

added in a press call, consistent with Veolia's plan to

strengthen its presence in water technologies activities and in

the United States, both identified as priority growth boosters.

It expects the WT&S deal to close by the end of June.

Veolia said the new contracts included a $550 million deal

with a very large microelectronics factory in the American

Midwest, and smaller contracts in San Francisco, Brazil and the

UAE.

"By 2027, we want to increase our turnover in the United

States by 50%, and we want to double the size of our business in

the United States by 2030," Brachlianoff said in the press call.

Veolia reported 20% of group sales in France, 60% of group

sales in Europe, including France, and 40% of group sales

outside Europe, including $5 billion in the U.S. in 2024, the

CEO said.

The company posted earnings before interest, taxes,

depreciation and amortisation (EBITDA) of 1.7 billion euros for

the first quarter, up from 1.62 billion euros a year ago.

It also reiterated its guidance for 2025.

($1 = 0.8814 euros)