Transaction Details

April 6, 2020
Tokyo

Sector

Industrials and Industrial Technology

Deal Type

M&A, ESG

Deal Value

N/D

Deal Team

Teruyasu Kushima, Kohki Wajima, Masaki Kakishita, Keisuke Kobayashi

GCA advises Metawater on its acquisition of Wigen Water Technologies

GCA has acted as exclusive financial advisor to Metawater (TSE: 9551), one of the largest water treatment engineering companies in Japan, on its acquisition of Wigen Water Technologies, a US-based water treatment system engineering solution provider. This is Metawater’s second acquisition of a US-based water treatment company following that of Aqua-Aerobic Systems (Rockford, Illinois) in 2015, on which GCA also acted as exclusive financial advisor.

Metawater, which is listed on the Tokyo Stock Exchange, was founded in 2008 and is headquartered in Tokyo, Japan. The firm designs and constructs equipment for water, sewage and waste treatment facilities and offers associated services. Metawater comprises the Plant Engineering and Service Solutions division, which designs and constructs machines and electric equipment for domestic and international water and sewage treatment plants, as well as the Service Solutions division, which offers various services including repair work and maintenance management of machines and electric equipment for domestic water and sewage treatment plants.

Headquartered in Minnesota, USA, Wigen provides application-specific, cost-effective and reliable engineering solutions for industrial, municipal and commercial clients. With nearly 4,000 successful installations worldwide, Wigen Water Technologies has grown to become a leading OEM of custom water treatment systems. Its products include a variety of state-of-the-art technologies, designed to meet each client’s specific needs. From primary filtration to distribution and recycling, Wigen has the capability to tackle the most complex water treatment challenges. In addition to superior technology, Wigen provides aftermarket service solutions including its renowned Advantage Service Assurance Program offering support and partnership.

In the United States, due to drought caused by climate change and water shortage caused by population growth, there is a growing demand, mainly in the Southwest, for the process of using treated wastewater for drinking water. Through the acquisition of Wigen as a subsidiary, Metawater Group aims to enhance its presence in the rapidly growing potable water reuse market in the United States. And together with Aqua-Aerobic Systems, which became a subsidiary in January 2016, Metawater will strengthen and expand its North American business by leveraging synergies with the resources of each company.

Terms of the transaction were not disclosed.

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