BASF acquire inge watertechnologies, ultrafiltration specialist

BASF to acquire inge watertechnologies, ultrafiltration specialist

4:04 PM, 26th April 2011
BASF to acquire inge watertechnologies, ultrafiltration specialist
Dr John Feldmann, Member of Board of Executive Directors, BASF. (C) BASF

 

The acquisition will help the company broadens technology base for it’s water platform. It will help them to profitably expand market position in water treatment business.

LUDWIGSHAFEN, GERMANY: BASF has agreed with the investor group of Germany-based inge watertechnologies AG to acquire the company and its ultrafiltration membrane business. The investor group and BASF did not disclose financial details of the deal. The transaction, subject to approvals, is expected to close within the third quarter of 2011.

Entering the water treatment membranes business, BASF can develop unique combinations of membrane and chemical technologies based on it’s polymer research and water treatment application know-how, the company said. This puts the company in a unique position to offer performance-based package systems including chemicals and membrane equipment. The company said this was an important step for growth of the business.

“This transaction is an important step in strengthening BASF’s technology and innovation driven business. It is in line with our focus on addressing major global challenges. The deal will further improve BASF’s position in the water treatment industry, which is an attractive and fast-growing market,” said Dr John Feldmann, Member of Board of Executive Directors, BASF.

Driving market demand for ultrafiltration membrane technology is the increasing need for reusing and recycling water, low footprint technology and better water quality for drinking water production as well as wastewater treatment before discharge. BASF’s aims to strategically bundle products and know-how relevant to the water treatment industry by creating a strong platform which will allow the business to profitably expand its market position further.

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