The German ultrafiltration (UF) manufacturer inge watertechnologies AG is to be acquired by chemical giant BASF.
The inge investor group and BASF have agreed not to disclose financial details of the deal. The transaction, which is subject to approval by competent merger control authorities, is expected to close within the third quarter of 2011.
With its headquarters in Greifenberg, near Munich, inge employs about 85 staff. With a global reach, the company’s range of products include highly-efficient UF modules and cost- effective rack designs, which are the core components of water treatment plants.
“By entering the water treatment membranes business, we are convinced that we can develop unique combinations of membrane and chemical technologies based on BASF’s polymer research and water treatment application know-how,” said Hans W Reiners, president of BASF’s Performance Chemicals division.
Dr Matthias Halusa, vice president of BASF’s Water Solutions Business added, “We will be in the unique position to offer performance-based package systems including chemicals and membrane equipment. This is an important step in our growth strategy for this business.”