Aquarion sets up in Russia
Swizerland-based water systems company, Aquarion Group, has established a Russian operation, Aquarion Russia, to focus on providing water and wastewater treatment to industrial customers in Russia and the Commonwealth of Independent States.Aquarion Russia - located in the city of Kazan in the Republic of Tatarstan - will have a particular emphasis on the oil and gas market, onshore and offshore, upstream and downstream.
Aquarion anticipates using its Karzan offices as a base to access the entire Russian market and neighboring countries of Kazakhstan, Belarus, the Baltics, and the Caucasus countries Georgia, Armenia and Azerbaijan. Major Eastern European players in upstream and downstream oil and gas are based in the Tatarstan. It is ranked by Forbes and Ernst and Young as Russia's best region for doing business.
One of the major shareholders of Aquarion Group is the Green Gateway Fund, which has a sub-sovereign wealth fund of the Republic of Tatarstan as an anchor investor. Tatarstan is one of Russia's oldest oil producing regions. Its economy is dominated by the fuel, petrochemical and chemical industries.
The opening of Aquarion Russia follows the firm's acquisition in July of German water treatment company Hager + Elsässer which has operations in Germany, the UK and Southeast Asia.