SKion Water acquires remaining shares of Paques
Balk / Bad Homburg v.d.H.
Over the past few years, rapid growth has turned Paques into an important player in the international market of industrial wastewater treatment. This market is going through an important change. Today’s customers increasingly demand complete solutions, turnkey project delivery and sometimes even including “own and operate” contracts. Following this trend implies an important extension of the business model of Paques: from technology development, where Paques has its roots, to contracting.
The question of how to respond to this market development has been on the agenda of the management board, supervisory board and the Pâques family and German SKion Water as the two shareholders for some years.
All this has led to the decision of the Pâques family to sell its entire 80% interest to the current minority shareholder SKion Water. When SKion Water invested into Paques at the end of 2011, Paques was the first water sector investment of SKion Water. Today, SKion Water has a group turnover of roughly 700 million Euros and operations across the world. It provides fresh water and wastewater treatment solutions to both municipal and industrial customers. The largest companies within SKion Water are Ovivo, EnviroChemie Group and ELIQUO WATER GROUP. With the acquisition of Paques, SKion Water can leverage the Paques’ technologies in offerings of its group companies and thus increase the market potential for Paques.
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