RWL Water Group Acquires Eurotec WTT
Revamped company brings innovative approach to middle market sector
RWL Water LLC has acquired a controlling interest in Eurotec WTT, a European manufacturer of wastewater treatment systems. With more than 200 installations, Eurotec, which is headquartered in Padova, Italy, has engineered and manufactured some of the most complex chemical, food & beverage and biomass treatment facilities in the world. Eurotec’s significant market share in the region’s wastewater and food processing sectors uniquely positions the recently formed RWL Water Group to deliver a complete range of water treatment technologies and solutions – from components to full-scale systems – from a single provider serving middle-market industries and municipalities around the world.
Established in 2010 by international businessman and philanthropist Ronald S. Lauder, RWL Water Group is a privately-held holding company focused on creating global water treatment solutions to meet the growing need for clean water worldwide.
The addition of Eurotec enhances RWL Water Group’s portfolio of market-leading water and wastewater treatment companies that already includes Nirosoft in Israel and Aeromix in the United States. The combined companies give RWL Water Group an installed base in excess of 3,200 water treatment systems in more than 70 countries, spanning densely populated areas, remote communities and complex industrial sites in virtually every region of the world.
“Eurotec is a key acquisition in RWL Water Group’s growth strategy that will allow us to expand our waste-to-energy offerings and provide a singular advantage to middle market customers seeking full-service capabilities to handle their water concerns,” said Ronald S. Lauder, founder and chairman of RWL Water LLC. “The combined strength of the three portfolio companies will allow our customers to access the most competitive water and wastewater treatment offerings specifically designed to meet their needs. Our goal is to help unlock the hidden value in their operations and facilitate the reuse of resources to increase their economic and environmental sustainability.”
In addition to bringing together integrated solutions and management expertise spanning many decades, RWL Water Group will make it easier and more affordable for middle market industries and municipalities to solve their water problems – whether the project requires design, engineering, construction or operational and maintenance support. The company also offers project financing – a solution that is unique in the middle-market segment – that will make it possible for customers to reduce capital cost. RWL Water Group’s innovative project finance approach will help offset investment constraints and ensure that projects are developed and installed rapidly, efficiently and cost-effectively. In addition, the company will offer Build-Own-Operate-Transfer (BOOT) and leasing for small- and medium-sized projects.
“Under RWL Water Group, Eurotec will significantly expand its waste-to-energy offerings, as well as its presence in the food processing industry, globally,” said Maurizio Tiarca, managing director and sales manager of Eurotec WWT. “This acquisition offers significant value for our company and provides compelling new opportunities for our customers around the world. As a part of RWL Water Group, we will be able to do even more to innovate and deliver outstanding wastewater treatment solutions.”