Eurawasser now a part of REMONDIS Aqua
Takeover completed following the final closing of the deal
Lünen/Berlin. REMONDIS Aqua GmbH & Co. KG successfully completed its purchase of all shares in EURAWASSER Services und Beteiligungs GmbH following the final closing of the takeover on 13 February.
Andreas Bankamp, managing director of REMONDIS Aqua, has now also taken over the position of managing director of Eurawasser with immediate effect. He succeeds Mr Victor Garnreiter. As a result of this transaction, REMONDIS Aqua, a company belonging to the REMONDIS Group, is continuing to push forward growth in Germany as well. The Eurawasser Group is one of the leading water management companies in Germany and provides, among others, water management services in Rostock, Schwerin, Cottbus, Goslar and in the Rheingau region.
As a result of this acquisition, the internationally active REMONDIS Aqua Group, around 85% of whose activities are carried out in Turkey, Russia, India, Poland, Spain and other European countries, has succeeded in extending and sustainably strengthening its business in Germany in, among other fields, the area of water resources management. Andreas Bankamp, managing director of REMONDIS Aqua, is looking forward to working successfully with the approx. 900 employees and offers a warm welcome to them all.
Eurawasser Aufbereitungs- und Entsorgungs GmbH, Berlin, which was originally founded as a joint venture between the Thyssen Group and Lyonnaise des Eaux in 1991, was previously owned by Suez Environnement. Via its subsidiaries and associated companies, it has provided services in the area of drinking water supply and wastewater treatment in a large number of cities and districts across Germany since its foundation.
The REMONDIS Aqua Group is also a specialist for reliable and efficient water management services. Being a partner of local authorities, associations and industrial businesses, the company is active both in Germany and abroad. Its international water activities are focused on the markets in Turkey, Russia, India, Poland, Spain and other European countries.
REMONDIS is one of the world's largest privately owned water and environmental service companies providing services for more than 30 million people. Via its branches and associated companies, REMONDIS is active in 29 countries across 3 continents including China, India, Taiwan, Australia and New Zealand. Thanks to its recent acquisition of the Thyssen subsidiary Xervon and its takeover of the Eurawasser Group from Suez Environnement, the REMONDIS Group now has over 30,000 employees and an expected overall turnover for 2012 of more than €6 billion.
REMONDIS AG & Co. KG
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