Marubeni Acquires Stake in Osmoflo

Marubeni Corporation has signed an agreement to acquire a 40% stake in Australian desalination company Osmoflo Holding.

Osmoflo was founded in Adelaide, Australia, in 1991 and operates 200 water treatment plants.

Osmoflo provides desalination and industrial water treatment using membrane technology such as reverse osmosis.

Marubeni said the Osmoflo acquisition will help expand its business through collaboration with its other water companies, which includes Aguas Nuevas (Chile) and Anhui Guozhen (China).

The financial details of the transaction were not revealed.