Aquatech, a leading global provider of water and process technology solutions based in Pennsylvania, US, has announced the acquisition of UAE-headquartered Metito Chemical Solutions (Metichem) in a deal aimed at expanding its portfolio of specialty water treatment chemicals and operational services in the Middle East and North Africa and Southeast Asia region.
Combining Aquatech's global project experience with Metichem's deep local roots will enable the two companies to deliver more complete water lifecycle solutions.
Both the companies draw on decades-long legacies of success across the Middle East and Southeast Asia, having executed major projects in UAE, the Kingdom of Saudi Arabia and Indonesia.
The acquisition deal also comes during Aquatech's 45th anniversary year, bringing added significance to the moment.
Last week, more than 300 employees across three continents came together to celebrate Metichem joining Aquatech, and to mark the next chapter of growth for the combined organisation.
The company, now known as Metichem, an Aquatech company, will bring together specialty chemicals and operations and maintenance expertise to help customers achieve their environmental and operational goals across the region.
"Today marks the close of one chapter and the beginning of an exciting new one. We are here because of the dedication of our people, and I am grateful to the Aquatech team for welcoming us as partners throughout this journey. Together, we are building a strong foundation for the future, and I look forward to embracing that future as one team," said Mike Abla, Managing Director at Metichem.
Andrew Parke, EVP Services at Aquatech, said: "Metichem has built a strong business through its commitment to customers and operational excellence. We have tremendous respect for what they have achieved, and we are excited to begin this next chapter together."
Devesh Sharma, CEO at Aquatech, said: "This partnership brings together two organisations with shared values, complementary strengths and a common commitment to serving our customers. We look forward to learning from one another, growing together, and delivering even greater value to our clients around the world."
Together, the duo will offer customers a broader portfolio spanning treatment technologies, specialty chemicals, operations and maintenance services, and digital solutions that improve efficiency, reliability, and sustainability throughout the water lifecycle, he added.-TradeArabia News Service