Abu Dhabi showed heavy involvement in water this week, with the announced completion of 22 solar desalination projects and the hosting of a delegation of water and wastewater industry experts from the UK. These events come on the heels of the World Future Energy Summit held in Abu Dhabi, where the emirate explained its plan to take a “comprehensive and holistic approach” to water security over the next 1-2 years. Details on these events and more can be found below.
M&A/ Partnerships
- Siemens Industry Automation Division entered into an agreement to acquire Cambridge Water Technology, based in Cambridge, Massachusetts, USA, in an effort to strengthen its product portfolio for municipal water and wastewater treatment as well as select industrial markets.
http://news.yahoo.com/siemens-broadens-wastewater-water-treatment-portfolio-160104323.html - Water Resources Group (WRG) has entered into a joint venture agreement with Mandala Water to use all WRG’s products and water technologies in desalination markets in Bangladesh, India, Pakistan, and Sri Lanka. WRG owns a 49% stake in the venture and Mandala Water owns 51%.
http://www.water-technology.net/news/newswater-resources-mandala-water-to-focus-on-south-asian-market - The European Investment Bank allocated €27m in funding to upgrade water infrastructure in the Seychelles. Under the project, the water network will be rationalized to improve pressure management and reduce leakages.
http://www.water-technology.net/news/newseib-provides-funding-for-seychelles-water-project
…
