Siemens Water Technologies to be acquired by AEA Investors

Sponsored by


Nov. 6, 2013 -- An agreement was recently signed by AEA Investors LP to acquire the water and wastewater treatment operations and asset services of Siemens Water Technologies for €640 million ($865 million).

Working with AEA investment professionals and operating partners, the existing management under the leadership of CEO Dr. Lukas Loeffler is committed to ensure continuity of the ongoing successful integration and optimization of Siemens' operations and assets. Siemens AG acquired the company in 2004 and will continue oversight until change of control -- anticipated to be within the next few months.

Under AEA, the company will continue focus on municipal and industrial water and wastewater treatment equipment and services. The transaction is still subject to regulatory approval.

Read an interview with Dr. Lukas Loeffler conducted by WWI here.

Following the sale of Siemens Water Technologies? Here are some additional articles that might interest you:

Siemens acquired by private equity firm, changes name to Evoqua

What does 2014 hold for Siemens Water Technologies, under AEA control?

Siemens Water Technologies to be acquired by AEA Investors

Why water was not the right fit for Siemens

Siemens to focus water business on automation technology for future

About AEA Investors LP

AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA's active individual investors (the "Participants") include an extraordinary network of more than 75 highly successful business executives, industrial families and former government leaders. Today, AEA's over 60 investment professionals operate globally with offices in New York, Connecticut, London, Munich, Hong Kong and Shanghai with $6.5 billion of invested and committed capital.

About Siemens Industry

The Siemens Industry Sector (Erlangen, Germany) is the world's leading supplier of innovative and environmentally friendly products and solutions for industrial customers. With end-to-end automation technology and industrial software, solid vertical-market expertise, and technology-based services, the Sector enhances its customers' productivity, efficiency, and flexibility. With a global workforce of more than 100,000 employees, the Industry Sector comprises the Division’s Industry Automation, Drive Technologies and Customer Services as well as the Business Unit Metals Technologies. For more information, visit http://www.siemens.com/industry.

###

Sponsored by

TODAY'S HEADLINES

EPA awards over $17M in Great Lakes Restoration Initiative grants to address algal blooms

The Environmental Protection Agency has announced the award of 14 Great Lakes Restoration Initiative grants totaling over $17 million to fund projects that will improve Great Lakes water quality by preventing phosphorus runoff and soil erosion that contribute to algal blooms.

Texas water district recognized for Eagle Mountain Spillway Dam rehabilitation

The Association of State Dam Safety Officials announced that it has awarded the Tarrant Regional Water District of Texas with the National Rehabilitation Project of the Year Award.

Innovyze named winner of prestigious Esri Partner Conference Award

Innovyze recently announced that it was named the winner of the ArcGIS for Desktop Based Application category of the Esri Partner Conference Awards.

CH2M HILL partnership to deliver safe, clean water supply to Jaipur, India

CH2M HILL in partnership with the Singapore Public Utilities Board and Singapore Cooperation Enterprise, is providing water management leadership services to the Rajasthan state government through Public Health and Environment Department for the city of Jaipur, India.

FOLLOW US ON SOCIAL MEDIA