Acquisitions · Water treatment
Kurita Water buys US industrial water treatment company U.S. Water Services
- Buyer
- Kurita Water Industries (Tokyo)
- Target
- Global Water Services Holding (U.S. Water Services), Minnesota
- Value
- About ¥30.1B
- Status
- Agreed on February 8, 2019; completed in 2019.
- Date
- 2019-02-08
Kurita Water Industries agreed to buy Global Water Services Holding, the parent of Minnesota-based U.S. Water Services, which provides water treatment chemicals, equipment and services to industrial customers. The price of about ¥30.1 billion came from Kurita's Japanese disclosure; most English-language reports did not give a price.
Why it matters
The deal gave Kurita a sizable base in the US water treatment market. Kurita followed it with further US acquisitions later in 2019.
Sources
Kakehashi M&A News home
