LG Electronics buys Daewoo ENTEC

South Korea’s LG Electronics has acquired sewage treatment services provider Daewoo ENTEC so it can expand into the water treatment sector.

The acquisition combines LG Electronics’ capabilities in engineering, procurement, construction and membrane production with Daewoo ENTEC’s operation and maintenance services.

The acquisition will enable LG Electronics to expand its water treatment business in the government services sector and pursue new projects in the global market.

LG Electronics Home Appliance CEO Young-ha Lee said that with the market expected to grow at an annual rate of 5% due to increased pollution and the effects of climate change, the firm sees the water treatment business as a crucial component for future success.