RWL Water Group is about to snap up its fourth acquisition after reaching agreement in principle to acquire a majority holding in Argentinian membrane-technology expert Unitek SA.
Headquartered in Mar del Plata, in Buenos Aires province, Unitek brings great experience in water treatment in South America, which creates one of many opportunities for cross-business synergies in the region between the other RWL Water portfolio companies, Aeromix, Eurotec WTT and Nirosoft. The proposed acquisition is subject to certain customary closing conditions, which both parties expect will be satisfied in the coming weeks.
Following the closing, Unitek’s founders will retain a minority equity interest and continue to grow the business as RWL Water partners in their current positions with Unitek. Unitek engineers are experts in applying reverse osmosis, ultrafiltration, membrane bioreactors, electrodeionization and ozonation
“We are very excited that Unitek, which fits so perfectly with the RWL Water culture and technology, has agreed in principle to join forces with us. When completed, the addition of Unitek will provide us with the credibility, expertise and speed to respond to almost any water treatment need for our customers in Latin America,” says Henry Charrabé, president and CEO of RWL Water.
Latin America is one of RWL Water’s focus markets. Over the past two years, the company has opened three sales offices throughout the region and an operations office in Colombia.
“The combination of the RWL Water Group brand with Unitek in Latin America will elevate us to a tier one company in this region. Leveraging the strength of the combined companies within RWL Water, will immediately expand our product offerings to the region and broaden our technical expertise available to our clients,” says Alejandro Sturniolo, co-owner and vice president of Unitek.