- The technology group is planning to expand its water management portfolio, manufacturing capacity and direct market access in China.
WD News: The Wilo Group has acquired all shares in the joint venture Mating (Shanghai) Membrane Technology Co., Ltd. The company specialises in membrane bioreactors for wastewater treatment.
In addition, Wilo has increased its stake in the German-Chinese joint venture Guhong (Shanghai) Environmental Engineering Equipment Co., Ltd., a specialist in flood control, to 75 percent, thus acquiring a majority interest.
With these strategic acquisitions, the technology group is planning to expand its water management portfolio, manufacturing capacity and direct market access in China.
“We’re not only counteracting economic decoupling tendencies, we’re pursuing our strategic development towards becoming a solutions provider for all applications in the transport, use and treatment of water and sewage”, explained Oliver Hermes, President & CEO of the Wilo Group.
The two companies will be integrated into the Strategic Business Unit Water Treatment, which combines all of Wilo Group’s activities in the water and sewage treatment sector. The companies will continue to be led by local managers in Shanghai and remain economically independent.
Source & Image Courtesy: WILO
