Category: General NewsLogo
Posted Dec 20, 2016 07:51 (GMT +7)


Hitachi Zosen to Acquire Osmoflo Holdings

Hitachi Zosen Corporation (TOKYO:7004) has announced that it entered into a share sale and purchase agreement to acquire the majority of shares in Osmoflo Holdings Pty Ltd, a leading engineering company for desalination and industrial water treatment utilizing membrane technology such as reverse osmosis. Subject to the completion of procedures, Osmoflo will become a subsidiary of Hitachi Zosen.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161219005429/en/

Osmoflo reverse osmosis (Photo: Business Wire)

Osmoflo reverse osmosis (Photo: Business Wire)

Rationale for the Transaction

Osmoflo, founded in 1991, provides a vertically integrated portfolio of high quality offerings including the design, manufacture, supply, operation, maintenance, and sale of water treatment systems in various regions including Australia, the Middle East, South America, and South East Asia.

The transaction will enable integration of Osmoflo's technology, especially reverse osmosis, with Hitachi Zosen's plant engineering technology and experience in the multi-stage flash method. Hitachi Zosen believes this will further enhance the combined company's opportunities in the desalination and industrial water treatment business in overseas markets including the Middle East.

Hitachi Zosen views this opportunity with Osmoflo as a key component of the Hitachi Zosen Group target of promoting operations at overseas bases, outlined in the new medium-term management plan Hitz Vision II, and will seek to maximize synergy with Osmoflo in the hope that it will substantially contribute to sustainable growth for the Hitachi Zosen Group.

Transaction Details

Pursuant to the agreement, Hitachi Zosen is scheduled to acquire by cash consideration 70% of the outstanding shares of Osmoflo Holdings Pty Ltd, held by Shine Investments Pty Ltd and Shine Investments International Pty Ltd.

The remaining 30% of shares of Osmoflo will continue to be held by Marubeni Water Australia Pty Ltd, a subsidiary under Marubeni Group, and Hitachi Zosen will operate Osmoflo’s business by effectively utilizing each other’s expertise in the water business.

Osmoflo Overview

Osmoflo is a global desalination and wastewater treatment company. Located across Australia, the Middle East, South America and Asia, Osmoflo offers international coverage of its world class capabilities in delivering water and wastewater treatment solutions.

For the full text, please visit: http://www.hitachizosen.co.jp/english/news/2016/12/002450.html

View source version on businesswire.com: http://www.businesswire.com/news/home/20161219005429/en/

Media Contact

Hitachi Zosen Corporation

Shinsaku Sugimoto, +81-6-6569-0013

Katsuhiro Nagai, +81-3-6404-0802

Public Relations Section

E-mail: PR_section@hitachizosen.co.jp

URL: http://www.hitachizosen.co.jp/english/index.html

Distribute your news release with us

  • Print

    unique advertising solution

    Our media lists include news desks at all leading Thai and English-language dailies.

  • Radio & TV

    reliable platform

    We deliver your news to leading Thai radio stations and TV channels.

  • Internet Sites

    cloud computing

    All releases are submitted to Internet news sites, including several with guaranteed pickup.

Our Self-Serve News Release Couldn't Be Simpler

Our streamlined online process makes it simple and fast to submit your news to the Thai media. Once registered, just enter or copy your text into our submission form and you'll see an instant preview with our fee based on the word count, translation, and any attached image. To confirm submission, hit Enter to be taken to our payment processor. Once payment is approved, your release passes automatically to our news desk for translation and dissemination by our skilled and experienced team. You'll be kept informed at each step of the process.