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...

Content Dam Ww Online Articles 2016 12 Hitachi

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.

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