Siemens acquired by private equity firm, changes name to Evoqua

Sponsored by
 


Jan. 16, 2014 -- AEA Investors LP recently acquired Siemens Water Technologies LLC, securing regulatory approvals and closing an agreement to obtain the company's municipal, industrial and services water and wastewater treatment assets and operations. As such, Siemens has changed its name to Evoqua Water Technologies LLC.

On Wednesday, Nov. 6, AEA announced its purchase of Siemens from Siemens AG for EUR $640 million (US $872 million). Under AEA, Evoqua will continue to offer municipal and industrial water and wastewater treatment equipment and services. The existing management under the leadership of CEO Dr. Lukas Loeffler will also remain. 

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

The name Evoqua originates from the definition of "evoke," to recreate imaginatively, as well as "evolve," symbolizing the ongoing evolution of Siemens combined with a shortened version of "aqua." It is pronounced e (long "e") vo (long "o") qua.

See also: "What does 2014 hold for Siemens Water Technologies, under AEA control?"

About AEA Investors LP

AEA Investors LP's over 65 investment professionals operate globally with offices in New York, Connecticut, London, Munich, Hong Kong and Shanghai. The firm manages funds that have $6 billion of invested and committed capital including the leveraged buyouts of middle market companies and small businesses and mezzanine and senior debt investing. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer products/retail and services. For more information, visit www.aeainvestors.com.

About Evoqua Water Technologies LLC

Evoqua Water Technologies, formerly Siemens Water Technologies, is a leader in water and wastewater treatment products, systems and services for industrial and municipal customers. Its comprehensive, cost-effective and reliable treatment systems and services reduce fresh water demand, ensure uninterrupted quantity and quality of water, and enable regulatory and environmental compliance. Evoqua helps cities provide clean water and industrial plants to maintain productivity and profitability. For more information, visit www.evoqua.com.

Sponsored by

TODAY'S HEADLINES

PWD, PIDC award $3.5M in grants to promote green stormwater management practices

The Philadelphia Water Department and Philadelphia Industrial Development Corporation have awarded $3.5 million in grants to promote green stormwater management practices in a highly competitive selection process.

American Water announces three major executive position changes

American Water has announced that effective Jan. 1, 2015, it will name Edward Vallejo as new VP of Financial Strategy, Planning and Decision Support; Karla Teasley as new VP of Customer Service; and Bruce Hauk as new president of Illinois American Water.

LCRA breaks ground on major $250M water supply reservoir project

The Lower Colorado River Authority has broken ground on a new $250-million water supply reservoir near Lane City, Texas. When completed in 2017, the near 40,000-acre-foot reservoir constructed off the main channel of the Colorado River will help secure water sources for the region.

WERF expands research to further examine wastewater as a resource

The Water Environment Research Foundation is expanding its research with new projects examining wastewater as a resource. Two of the projects seek to show that materials in wastewater can be commoditized. The third explores a new method to reduce phosphorus in wastewater.

FOLLOW US ON SOCIAL MEDIA