Firms continue to rely on acquisitions to expand into new markets, as seen with Filterboxx, ACWA Power International, and various Korean firms bidding for OHL’s water and environmental subsidiary Inima. For details on these transactions, and other news related to water, continue reading below:
M&A/ Partnerships
- Filterboxx Water & Environmental has acquired Scotland’s H2Oil & Gas, a specialist water treatment and services supplier to the oil and gas industry, in a move representing a broadening of the company’s offering and markets.
http://www.htiwater.com/assets/pdf/news_WDR_newmembrane_08292011.pdf - Master Meter and Landis+Gyr have announced a technology partnership designed to provide dynamic water measurement solutions to utilities through the Gridstream™ advanced metering network. Master Meter is implementing Gridstream communication technology within its standard Dialog® 3G water meter register to provide multi-service and water utilities with reliable mesh network advanced metering service.
http://www.waterefficiency.net/the-latest/master-meter-measurement.aspx - ACWA Power International, a Saudi Arabian desalination firm, has purchased a 65% share in Enara Energy Investments, which in turns owns 51% of Jordan power generation company CEGCO (Central Electricity Generating Co), giving the desalination firm a controlling stake in the electricity producer.
http://www.waterworld.com/index/display/article-display/2153397228/articles/waterworld/world-regions/middle-east/2011/08/Saudi-desalination-firm-acquires-controlling-stake-in-Jordan-power-generation-company.html
