Baar, Switzerland - 26 August 2014 - Aquarion Group has established Aquarion Russia in Kazan, the Republic of Tatarstan. Aquarion Russia will focus on providing advanced water and wastewater treatment solutions to industrial customers in Russia and the Commonwealth of Independent States (CIS), with particular emphasis on the oil & gas market, both upstream (on shore and off shore) and downstream.
Headquartered in Switzerland, Aquarion is a leading provider of advanced water systems, solutions and technologies for the oil & gas industry, the energy sector and other process industries. One of the major shareholders of Aquarion Group is the Green Gateway Fund, which has a subsovereign wealth fund of the Republic of Tatarstan as an anchor investor.
“The establishment of Aquarion Russia is an important strategic development for Aquarion Group, enabling us to deliver our leading-edge solutions to customers in Russia and the CIS and creating a strong local presence to address the water treatment needs of the region’s expanding oil & gas industry. It also expands our ability to serve an important and growing market for water and wastewater solutions and technologies,” said Karl Michael Millauer, Chief Executive Officer of Aquarion Group.
This development follows the acquisition in July of the highly respected German water treatment company Hager + Elsaesser, which has operations in Germany, the UK and Southeast Asia. It underscores Aquarion Group’s success in becoming a major player in the global water treatment business. Other Aquarion Group companies include Aquarion Water GmbH in Germany, GEMWATER s.r.l. in Italy and H2Oil & Gas Ltd in Scotland.
Source: Aquarion Group