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REMONDIS Aqua takes over Eurawasser.
Clear increase in business in Germany.
08.12.2011 + + + REMONDIS Aqua Group is pushing forward its expansion: today the company signed an agreement for the purchase of all shares in the Berlin-based Eurawasser Group. The acquisition must still be approved by the Federal Cartel Office. The financial closing of this takeover is expected to take place during the first quarter of 2012. The Eurawasser Group is one of the leading water management companies in Germany and provides, among others, water management services in Rostock, Schwerin, Cottbus, Goslar and in the Rheingau region.
As a result of this acquisition, the internationally active REMONDIS Aqua Group, around 85% of whose activities are carried out in Turkey, Russia, India, Poland, Spain and other European countries, has succeeded in extending and sustainably strengthening its business in Germany in, among other fields, the area of water resources management. Andreas Bankamp, managing director of REMONDIS Aqua, believes that, from a strategic point of view, the purchase of Eurawasser is a clear signal showing the importance of private sector commitment in the German water sector. The Eurawasser Group employs around 900 people in Germany.
Background information
Eurawasser Aufbereitungs- und Entsorgungs GmbH, Berlin, which was originally founded as a joint venture between the Thyssen Group and Lyonnaise des Eaux in 1991, was previously owned by Suez Environnement. Via its subsidiaries and associated companies, it provides services in the area of drinking water supply and wastewater treatment in a large number of cities and districts in Germany.
The REMONDIS Aqua Group is a specialist for reliable and efficient water management services. Being a partner of local authorities, associations and industrial businesses, the company is active both in Germany and abroad. Its international water activities are focused on the markets in Turkey, Russia, India, Poland, Spain and other European countries.
REMONDIS is one of the world’s largest privately owned water and environmental service companies providing services for more than 30 million people. Via its branches and associated companies, REMONDIS is active in 29 countries across 3 continents including China, India, Taiwan, Australia and New Zealand. Thanks to its recent acquisition of the Thyssen subsidiary Xervon and its takeover of the Eurawasser Group from Suez
Source: Remondis Aqua - www.remondis-aqua.com
Andreas Bankamp, Managing Director, REMONDIS Aqua GmbH & Co. KG
> See
also: Remondis takes over Xervon
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