AquaVenture Announces Completion of Acquisition by Culligan
March 30 2020 - 9:05AM
Business Wire
AquaVenture Holdings Limited (NYSE: WAAS), a
leading multinational developer and provider of sustainable
Water-as-a-Service® (WAAS®) solutions (“AquaVenture”), today
announced the completion of AquaVenture’s previously announced
acquisition by Culligan, the innovative brand in consumer-focused
and sustainable water solutions and services, for $27.10 per share
in an all-cash transaction. The transaction will result in
AquaVenture joining Culligan’s leading consumer water service and
solutions platform as a privately held company.
About AquaVenture
AquaVenture is a multinational provider of WAAS solutions that
provide customers a reliable and cost-effective source of clean
drinking and process water primarily under long-term contracts that
minimize capital investment by the customer. AquaVenture is
comprised of two operating platforms: Quench, a leading provider of
filtered water systems and related services with approximately
160,000 company-owned units installed at institutional and
commercial customer locations across the U.S. and Canada; and Seven
Seas Water, a multinational provider of desalination and wastewater
treatment solutions, providing more than 8.5 billion gallons of
potable, high purity industrial grade and ultra-pure water per year
to governmental, municipal, industrial and hospitality
customers.
About Culligan
Founded in 1936 by Emmett Culligan, Culligan is a world leader
in delivering water solutions that will improve the lives of its
customers. The company offers some of the most technologically
advanced, state-of-the-art water filtration and treatment products.
Culligan's products include water softeners, drinking water
systems, whole-house systems and solutions for businesses.
Culligan's network of franchise dealers is the largest in the
world, with over 900 dealers in 90 countries. Many Culligan dealers
have valuable equity in their communities as multigenerational
family owners of their franchises.
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AquaVenture Holdings investors@aquaventure.com Investors
Hotline: 855-278-WAAS (9227)
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