Hitachi acquires Osmoflo to combine thermal/membrane desalination offering

In a bid to offer both thermal and membrane-based desalination to the market, Japanese company Hitachi Zosen Corporation will acquire the majority of shares of Australian firm, Osmoflo...

Tom Freyberg

Dec. 19, 2016

Content Dam Ww Online Articles 2016 12 Hitachi

TOKYO, Japan – In a bid to offer both thermal and membrane-based desalination to the market, Japanese company Hitachi Zosen Corporation will acquire the majority of shares of Australian firm, Osmoflo.

Subject to the completion of procedures, Osmoflo will become a subsidiary of Hitachi Zosen.

The coupling of the companies will enable Hitachi to augment its plant engineering technology and experience in multi-stage flash (MSF) with Osmoflo’s reverse osmosis (RO) membrane technology.

As part of the agreement, Hitachi will acquire 70% of the outstanding shares of Osmoflo Holdings, while the remaining 30% will continue to be held by Marubeni Water Australia.

Osmoflo generated net sales of AUD$142.7 million in 2015 but this dropped to AUD$80.5 million in 2016.

###

Osmoflo to provide two desalination plants to Marshall islands

Osmoflo to provide O&M services to Oaky Creek coal mine

Desalination ‘comes of age’ across arid Australia

About the Author

Tom Freyberg

Tom Freyberg is an experienced environmental journalist, having worked across a variety of business-to-business titles. Since joining Pennwell in 2010, he has been influential in developing international partnerships for the water brand and has overseen digital developments, including 360 degree video case studies. He has interviewed high level figures, including NYSE CEO’s and Environmental Ministers. A known figure in the global water industry, Tom has chaired and spoken at conferences around the world, from Helsinki, to London and Singapore. An English graduate from Exeter University, Tom completed his PMA journalism training in London.