Aquatech, a global leader in water purification for industrial and infrastructure markets, has made a strategic investment into WEX Technologies Private Limited, a leading provider of performance water treatment chemicals and services.
Founded in 2001, WEX is a widely recognized chemical and services company focused on the rapidly growing Indian market. WEX’s chemical product solutions address applications for boilers, cooling towers, and reverse osmosis and thermal evaporator antiscalants and cleaners.
Over the past 10 years, WEX has experienced consistent growth and has built an impressive customer base, particularly in the power, petrochemical, and oil and gas markets.
Aquatech’s Managing Director, Devesh Sharma, said Aquatech has been focused on growth in India by providing innovative and integrated technological solutions. Investment into WEX will enhance Aquatech’s ability to add value to its clients by providing them a Total Water Management solution, said Sharma.
By working together, Aquatech and WEX can help their clients use less water and optimize cost by managing their water consumption. The company’s work can positively impact client’s water and energy footprint and save them money as well, said Sharma.
WEX will continue to operate as an independent entity with the original founders. WEX Managing Director Dhrubo Banerjee said the investment by Aquatech will provide WEX the required infrastructure and network to meet its accelerated growth plans and help WEX cater to the entire spectrum of water treatment needs for its clients.
Dhrubo Banerjee will continue to be the Managing Director of WEX, and Aquatech will add new members to the Board of Directors of WEX in order to develop synergies that will enable both companies to offer complete water treatment solutions to their respective customers.
Aquatech is a global leader in water purification technology for industrial and infrastructure markets with a focus on desalination, water reuse, and zero liquid discharge. The Indian investment greatly enhances its offering in the subcontinent, as well as its global position.
The company is headquartered in the United States, and has a significant presence worldwide through subsidiaries in India, Europe, the Middle East, and China.
Aquatech strives to provide Technology Leadership and Performance Excellence to the Global Water Industry, and aims to support its clients with cutting edge Sustainable Solutions, minimizing their Life Cycle Cost, as well as their Carbon and Water Footprint.
10th July 2011