Emefcy, RWL Water sign LoI to create new water treatment solutions company
Emefcy Group has signed a letter of intent (LoI) to merge business with RWL Water to establish a new global distributed water and wastewater treatment solutions company.
To be named Fluence, the new company will offer a range of products and services for water treatment, wastewater treatment, waste-to-energy, desalination, and water reuse and recovery.
The combined group will focus on major growth markets such as commercial, municipal, industrial, mining, oil and gas, power, and food and beverage sectors.
RWL Water CEO Henry Charrabé said: “Capabilities of the merged group would cover the full water cycle, from desalination to wastewater treatment to wastewater-to-energy and reuse. The combined company would provide packaged treatment plants with competitive capital cost, rapid deployment capability and economical operating costs.
“The distributed treatment model enables all communities worldwide in remote or developing regions to have the access to clean water and sanitation they deserve, at a price they can afford, while also offering a compelling model to the developed world.”
Fluence’s plans for wastewater treatment solutions involve Emefcy Group’s membrane aerated biofilm reactor (MABR) technology and other related new technology developments.
The proposed merger is expected to accelerate Emefcy’s deployment into China and other key markets.
Emefcy Group executive chairman Richard Irving said: “Subject to completion, we expect this merger to create a clear leader in the global distributed water and wastewater treatment industry, one of the fastest growing sectors of the water market globally.”
The transaction is subject to agreement on definitive terms, Emefcy shareholder approval, execution of a purchase agreement and other customary conditions.