BROOMFIELD, CO & HEYWOOD, UK, Nov. 19, 2010 -- MWH Global ("MWH"), the global wet infrastructure sector leader and provider of environmental engineering, construction and strategic consulting services announced today that it has signed a definitive agreement with Biwater Holdings Limited ("Biwater Holdings") to acquire its U.K. based subsidiary Biwater Services Limited ("Biwater Services"). Biwater Services is a leading U.K. water construction and engineering firm, acting as the holding company for Biwater Treatment, Farrer Consulting and BiProduct Recovery. The company has 675 employees.
Together, MWH and Biwater Services have the ability to provide program and asset management led frameworks, enabling MWH to benefit from expected market changes and be responsive to future challenges.
"Together, we provide a broader range of skills to address the creation, management and optimization of existing wet infrastructure assets. This is especially relevant recognizing changing, and sometimes conflicting, demands of energy, infrastructure rehabilitation, refurbishment, efficiency and carbon reduction," remarked Robert B. Uhler, Chairman and CEO of MWH Global. "We have enhanced our ability to service the full asset life cycle of our clients from feasibility through commissioning and operation."
Larry Magor, CEO of Biwater Holdings commented, "Following Biwater Holding's decision to refocus the business on its core international capabilities, we are pleased to have been able to find a strong partner for Biwater Services in MWH for both our customers and employees."
Uhler also stated that the combined organization remains fully committed to their existing clients and current AMP 5 contracts.
Both organizations have a shared heritage within the U.K. market that dates back over 100 years. The integration of the two companies will begin immediately, following appropriate regulatory approvals.
MWH Global was advised by Houlihan Lokey and Biwater Holdings was advised by Hawkpoint Partners.
About MWH Global
MWH, globally driving the wet infrastructure sector, is leading the world in results-oriented management services, technical engineering, construction services and solutions to create a better world. The wet infrastructure sector encompasses a full range of water related projects and programs from water supply, treatment and storage, dams, water management for the natural resources industry and coastal restoration to renewable power and environmental services. MWH is a private, employee-owned firm with offices in 34 countries on six continents. For more information visit the website at www.mwhglobal.com.
About Biwater Holdings
Biwater Holdings Limited designs and constructs water and wastewater treatment facilities and leisure facilities as well as provides related consultancy services in over 90 countries including in Africa, the Americas, the Asia Pacific, Europe, and the Middle East. Since starting in Dorking, UK in 1968 and through more than 100 years of experience via acquisitions, the company has developed an enviable global reputation for service, innovation and environmental responsibility. For more information visit the website at www.biwater.com.
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