[ Special Focus ]
[ Special Focus ]
A . O . Smith to acquire Pureit from Unilever by China Road and Bridge Corporation , Germany ’ s WTE Wassertechnik , and Serbia ’ s Katago Construction . The European Commission announced that it has approved almost 39 million euro in financing from its cohesion fund to improve the wastewater collection and treatment system in Velika Gorica .
Subsea 7 secures an EPC contract in US Gulf of Mexico
Global water technology company A . O . Smith Corporation has signed an agreement to acquire Pureit from Unilever . Pureit offers a broad range of residential water purification solutions and has annual sales of approximately USD 60M , primarily in India . The purchase price will be approximately USD 120M in cash , subject to customary adjustments . The Company expects to complete the acquisition of Pureit by the end of 2024 and does not expect the acquisition to have a material impact on earnings in the first year .
Flotilla Partners acquires WTT of Florida
Oslo-listed Subsea 7 has won a sizeable EPC and offshore installation contract in the US Gulf of Mexico from an undisclosed client . The scope of work includes engineering , procurement , construction , and offshore installation of a water injection flowline , hull piping , and associated subsea infrastructure . Project management and engineering work will start immediately at Subsea 7 ’ s office in Houston , Texas , and offshore activity is expected to begin in 2026 . The sizeable contract in the company ’ s terms is somewhere between USD 50M and USD 150M .
BQE Water to supply water treatment plant in the Yukon
Flotilla Partners , an Osceola Capital portfolio company , has announced the successful acquisition of Water Treatment Technologies of Florida ( WTT ). Founded in 2004 and headquartered near Orlando , FL , WTT is a major provider of water treatment services for residential and commercial customers in Central Florida . The acquisition of WTT bolsters Flotilla ’ s presence in several high growth Florida markets including Orlando , Tampa , and Jacksonville . WTT also further enhances Flotilla ’ s reputation as the major water treatment services business in the state of Florida .
Strabag wins wastewater treatment project in Croatia
VG Vodoopskrba , the water utility company of the northern Croatian town of Velika Gorica , has picked the EUR 36.8M ( USD 41M ) offer of Austrian construction company Strabag , submitted in an international tender for the construction of a new wastewater treatment plant . In the tender launched , the water utility company received three more bids submitted by three consortia , led respectively
BQE Water Inc ., a pioneer in mine water management , has announced that Elsa Reclamation & Development Company Ltd . ( ERDC ) has contracted BQE Water to design , supply , install , and commission a new Water Treatment Plant ( WTP ) for the closure of legacy Valley Tailings Facility ( VTF ) near Mayo , Yukon , Canada , on the traditional territory of the First Nation Na-Cho Nyak Dun ( FNNND ). The WTP will treat water generated during tailings excavation and consolidation , and discharge treated water into the environment , pursuant to the Water Use Licence and applicable laws and environmental standards . The treatment process targets primarily heavy metals . Under the contract , BQE is responsible for implementing the new treatment system including engineering design , equipment procurement , site installation , commissioning , and start-up of the WTP , with an expected completion in Q2 2025 . The WTP will be installed inside a prefabricated building and will operate seasonally between spring freshets and fall freezeups for as long as needed , presently anticipated to be 6 years .
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