U.S. Water Services, Inc. (St. Michael, Minnesota, USA) has joined the Kurita Water Industries Ltd. companies, a leading international water management firm headquartered in Tokyo, Japan.
The acquisition was announced in February 2019 and completed effective March 26, 2019.
“The closing of this transaction represents a new and exciting chapter for U.S. Water,” says LaMarr Barnes, U.S. Water CEO. “The Kurita Group represents world class leadership, technology, and investment in innovation in the water and environmental solutions industry. Together with the existing Kurita Group companies in North America [Kurita America Inc. and Fremont Industries], we will leverage our technologies and build a solid foundation to offer our customers advanced solutions and capabilities to meet their unique water and energy needs.”
U.S. Water Services is an integrated industrial water treatment company that provides integrated water solutions by combining chemical, equipment, engineering, and service. According to the company, this can optimize system performance, reduce water and energy usage, and improve efficiency for users.
Meanwhile, Kurita is one of the world’s largest suppliers of water treatment solutions including water treatment equipment and facilities, chemistries, and services. The acquisition is consistent with the group’s strategic focus to expand its global business by establishing bases in four world regions—Japan, Asia, Europe, and the Americas—and was implemented as a measure for strengthening its businesses in North America.
The combination of the groups involved is expected to accelerate the breadth and depth of new innovations with an enhanced integrated solutions portfolio, according to company officials.
Source: U.S. Water Services, www.uswaterservices.com.