206 articles in Germany
Competitive pressures have forced the company to look for synergies across its performance products division. An increasing focus on functional solutions means it is exiting the service side of the water business.
Three bidders have lined up to free Saur from Séché Environnement.
The German group has re-aligned its water business to focus on equipment supply. The acquisition of Johnson Screens will more than double the size of the division.
The remunicipalisation of Berlin’s water utility will pave the way for a radical simplification of its debt portfolio.
A recent capital injection has given Germany’s Stulz Hager + Elsässer renewed impetus to grow its international revenue base. It is the precursor to a possible future IPO.
Shares in Finnish water chemicals supplier Kemira rose sharply at the end of July after new CEO Wolfgang Büchele stamped his authority on the company by announcing a global restructuring programme which will target annual cost savings of around €60 million and is likely to result in 600 job losses – more than 10% of the group’s workforce.
Germany has agreed to write off the debt it is owed by Tunisia, on condition that the country invest in its rural water systems. A similar deal in Egypt could follow.
Capstone Infrastructure Corporation had offloaded 20% of Bristol Water to Itochu just six months after buying a 70% stake in the company from Suez Environnement.
The German consulting engineer hopes to raise its profile in the Middle East after buying Pöyry’s international water business. It is banking on synergies to turn the division around.
Veolia has chosen Deutsche Bank and JP Morgan to advise it on the sale of its UK regulated water assets.