Acquisition Details
Kemira has signed a purchase agreement to acquire Water Engineering, Inc. for approximately USD 150 million in cash. The transaction is subject to regulatory approvals and customary closing conditions, with an expected completion by the end of 2025.
Strategic Expansion
This acquisition marks a strategic milestone for Kemira, expanding its Water Solutions business into industrial water treatment services. Water Engineering, Inc. brings expertise in boiler and cooling tower water treatment formulations and industrial wastewater treatment solutions.
Market Growth
The acquisition provides Kemira with a platform for further organic and inorganic growth in the industrial water treatment services sector, which is anticipated to grow faster than traditional municipal and industrial water treatment sectors.
Company Overview
Water Engineering, Inc. is a leading provider of water treatment chemicals, consultation, and services, including analytics, testing, and water management. The company operates 14 facilities across the USA, serving sectors such as food & beverage, manufacturing, and healthcare, with an expected pro forma revenue for 2025 exceeding USD 60 million.
