Aquarion buys Hager + Elsaesser
Water treatment firm Aquarion Group has acquired German water technology company Hager + Elsaesser (H+E) for an undisclosed sum.Aquarion's acquisition of Stuttgart, based H+E takes the merged business to more than 250 employees, with revenues topping more than €70 million.
Chief executive of Aquarion, Karl Michael Millauer said the benefits of the acquisition included "enhancing our portfolio of technologies and solutions, expanding our presence around the world, and adding the expertise and experience of this world-leading company."
H+E systems and solutions for industrial process water and wastewater treatment and resource recovery are installed in thousands of plants in more than 160 countries. Its flagship technologies include proprietary biological, thermal and membrane solutions.
H+E has an assembling workshop in Dresden, Germany and subsidiaries in the UK, Malaysia, Philippines, Singapore and Thailand.
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