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| RWL Water Group Announces Acquisition of Eurotec WTT |
WATEC, Tel Aviv, Israel (November 16, 2011) – RWL Water, LLC today announced it has acquired a controlling interest in Eurotec WTT, a leading European manufacturer of wastewater treatment systems. With more than 200 installations, Eurotec, which is headquartered in Padova, Italy, has engineered and manufactured some of the most complex chemical, food & beverage and biomass treatment facilities in the world. Eurotec’s significant market share in the region’s wastewater and food processing sectors uniquely positions the recently formed RWL Water Group to deliver a complete range of water treatment technologies and solutions – from components to full-scale systems – from a single provider serving middle market industries and municipalities around the world.
Established in 2010 by international businessman and philanthropist Ronald S. Lauder, RWL Water Group is a privately-held holding company focused on creating global water treatment solutions to meet the growing need for clean water worldwide.
The addition of Eurotec enhances RWL Water Group’s portfolio of market-leading water and wastewater treatment companies that includes Nirosoft in Israel and Aeromix in the United States. The combined companies give RWL Water Group an installed base in excess of 3,000 water treatment systems in more than 60 countries, spanning densely populated areas, remote communities and complex industrial sites in virtually every region of the world.
“Eurotec is a key acquisition in RWL Water Group’s growth strategy that will allow us to expand our waste-to-energy offerings, and provide a singular advantage to middle market customers seeking full-service capabilities to handle their water concerns,” said Ronald S. Lauder, Founder and Chairman of RWL Water, LLC. “The combined strength of the three portfolio companies will allow our customers to access the most competitive water and wastewater treatment offerings specifically designed to meet their needs. Our goal is to help unlock the hidden value in their operations and facilitate the reuse of resources to increase their economic and environmental sustainability.”
In addition to bringing together integrated solutions and management expertise spanning many decades of experience, RWL Water Group will make it easier and more affordable for middle market industries and municipalities to solve their water problems – whether the project requires design, engineering, construction or operational and maintenance support. The company also offers project financing – a solution that is unique in the middle market segment – that will make it possible for customers to reduce capital cost. This innovative project financing approach will help offset investment constraints and ensure that projects are developed and installed rapidly, efficiently and cost-effectively. In addition, the company will offer Build-Own-Operate-Transfer (BOOT) and leasing for small- and medium-sized projects.
Eurotec has more than 30 years of experience designing and building wastewater treatment plants. It specializes in the aerobic and anaerobic treatment of sludge and the processing of biomass into energy sources. The company has engineered wastewater processing systems that occupy one-tenth of the space and often achieve net zero energy results compared to alternative solutions. Eurotec has also invented sophisticated remote monitoring technologies that feature the ability to forecast adverse conditions before they actually happen and deliver of real-time solutions to allow continual operations with no down time.
“Under RWL Water Group, Eurotec will significantly expand its waste-to-energy offerings, as well as its presence in the food processing industry, globally,” said Maurizio Tiarca, Managing Director and Sales Manager of Eurotec WWT. “This acquisition offers significant value for our company and provides compelling new opportunities for our customers around the world. As a part of RWL Water Group, we will be able to do even more to innovate and deliver outstanding wastewater treatment solutions.”
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| Key executives from the RWL Water Group (L-R): Avi Bonibay, CEO Nirosoft; Peter Gross, President Aeromix; Karl-Heinz Korn, CFO RWL Water; Henry Charrabe, CEO RWL Water; Ronald S. Lauder, Chairman and Founder RWL Water; Eitan Dery, VP Sales Nirosoft; Maurizio Tiarca, CEO Eurotec |
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In the past 18 months, RWL Water Group has completed the acquisitions of its three portfolio companies: Nirosoft, Aeromix, and now Eurotec. Based in Israel, Nirosoft creates custom, turnkey water and wastewater treatment solutions that are scalable and cost-effective. With its focus on meeting the unique requirements and site-specific conditions of industrial, municipal, emergency and military customers, Nirosoft provides a range of solutions, including desalination, demineralization, effluent reclamation, mobile water purification and industrial wastewater treatment systems to all types of environments. Specializing in advanced membrane technologies, Nirosoft has an installed base of more than 500 systems worldwide, ranging from containerized systems to large-scale plants. Major projects include the Moni, Garillis, and Episkopi desalination plants in Cyprus which will together provide more than 80,000 cubic meters per day of safe potable water, demineralization systems for the Israel Electricity Corporation, and innovative effluent reclamation and wastewater treatment plants in Israel, South America, and Australia. The company has operations throughout Africa, Asia, Australia, Europe and South America.
Aeromix is the award-winning manufacturer of aeration systems and equipment for drinking water and wastewater treatment. Headquartered in Minneapolis, MN, with operations in Iraq and Chile, Aeromix has an installed base of more than 2,500 systems and is behind some of the largest aeration and water packaging projects in the world. The company offers a complete product line that ranges from specialized patented equipment to pre-fabricated, self-contained units and entire wastewater treatment plants. Its technologies also deliver efficiencies through significant energy savings and the use of renewable energy. Aeromix serves middle market municipalities and industries in virtually every industry sector. The company was the 2010 winner of Frost & Sullivan’s Green Excellence in Product Innovation Award for the North American aeration equipment market.
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