AEA Investors LP completes acquisition of Siemens Water Technologies − new company to be Evoqua Water Technologies
AEA Investors LP has secured regulatory approvals and closed on an agreement to acquire the municipal, industrial and services water and wastewater treatment operations and assets of Siemens Water Technologies LLC. The new company now will be Evoqua Water Technologies LLC.
AEA announced its purchase of Siemens Water Technologies from Siemens AG for EUR 640 million on 6 November 2013.
Under AEA, Evoqua will continue to offer municipal and industrial water and wastewater treatment equipment and services. The existing management under the leadership of CEO Dr Lukas Loeffler will remain.
'The management and 4,000 employees of Evoqua are committed to refocusing our culture on adding value for customers,' Loeffler said. 'AEA’s primary professionals interfacing with us have years of water, specialty chemicals and industrial experience. Combined with our expertise, proven legacy brands and advanced water and wastewater treatment technologies, the company is well-positioned for its next evolution to helping our customers achieve success.'