Siemens Acquires Chemitreat Group to Expand Water Treatment Technology and Services in Asia-Pacific
Singapore, Monday, March 03, 2008
Siemens announced today that it has acquired the Singapore-based private limited Chemitreat Group to expand the water treatment business in South East Asia. Chemitreat will become part of Water Technologies, a business unit of Siemens’ Industry Solutions division. With sales of more than EUR25 million in 2007 and 240 employees, Chemitreat provides water treatment technologies and services in Singapore, Thailand, Malaysia, Philippines and China. "Chemitreat has been a very respected player in our region for more than 30 years", stated Jagannath Rao, responsible for the Siemens Water Technology business in Asia. "Chemitreat covers services from operations to maintenance for both industrial and municipal customers and holds technology expertise in key industrial applications including high purity water treatment".
The acquisition is primarily about geographic expansion in South East Asia allowing better market penetration. "The market segment for water treatment equipment and services is growing by 7-9 percent a year in Asia", Rao stated, "and Chemitreat helps us to better address the growing water needs of industry and the public in this region". In addition, there are no significant overlaps between the Chemitreat and Siemens water treatment portfolio. So, "the acquisition helps us supplement our existing portfolio and extend our regional footprint".
"The acquisition continues our growth strategy in the Asia region", said Chuck Gordon, CEO of Siemens Water Technologies. Since 2006 Siemens has ramped up its water treatment business in the Asia-Pacific region with joint ventures in China and a research and development center in Singapore. With an investment of EUR25 million over five years, Singapore will be developed as a business and technology center for research, development and engineering of water and wastewater treatment technologies. "With Chemitreat we now bring our water treatment and service portfolio to Malaysia, Thailand and_Philippines", Gordon said, "This will provide us with a strong platform to accelerate our market entry into other countries, such as India and Vietnam".
The Siemens Industry Sector (Erlangen, Germany) is the world's leading supplier of production, transportation and building technologies. With integrated hardware and software technologies as well as comprehensive industry-specific solutions, Siemens increases the productivity and efficiency of its customers in the fields of industry and infrastructure. The Sector consists of six divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and Osram.
With around 209,000 employees worldwide Siemens Industry achieved in fiscal 2007 total sales of approximately EUR40 billion (pro forma, unconsolidated). http://www.siemens.com/industry
The Siemens Industry Solutions Division (Erlangen, Germany) combined with Siemens VAI Metal Technologies (Linz, Austria), Siemens Water Technologies (Warrendale, Pennsylvania, USA), and Industry Technologies (Erlangen, Germany) is one of the world's leading suppliers of solutions and services for installations in the fields of industry and infrastructure. Industry Solutions uses its own products, systems and process technologies to support the planning and construction of installations as well as their commissioning and maintenance over the whole life cycle of each plant.
Disclaimer
Any statements in this document that are not historical facts are forward-looking statements that involve risks and uncertainties; actual results may differ from the forward-looking statements. Siemens undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Reference number: IS 0208.6909 e