Headworks and its sister company, Headworks BIO, have had an exciting week. While one company secured an option agreement with Texas A&M University (to license technology), the other landed a nearly $1MM contract to provide screens for an advanced wastewater treatment plant. Meanwhile, Grundfos, Ostara, and Mitsui all dipped their feet in the VC/M&A world this week. The details on these stories and more can be found below.
- Danish pump manufacturer Grundfos has acquired Enaqua, a US company specializing in UV disinfection and membrane filtration technology.
- Ostara Nutrient Recovery Technologies announced the completion of a $14.5m private equity financing – led by VantagePoint Capital Partners, UK-based Frog Capital, and Waste Resources Fund – to fund its expansion programs.
- Mitsui has acquired a minority interest in Water Standard as it pursues opportunities in the rapidly emerging global enhanced oil recovery market.
- Wastewater treatment technology provider Headworks BIO has signed an option agreement with The Texas A&M University System (TAMUS) that provides Headworks BIO with the right to negotiate an exclusive license for TAMUS’s patent pending Electron Beam (E-Beam) technology for use in municipal wastewater treatment applications.
- Headworks® will design and