Kemira expands its offering into industrial water treatment services and has signed a purchase agreement to acquire Water Engineering, Inc., a company specialized in water treatment services with headquarters in Nebraska, USA, from Nolan Capital, Inc. The purchase price is approximately $150 million in cash, subject to the usual purchase price adjustments. The transaction is expected to close before the year-end 2025, following regulatory approvals and customary closing conditions.
This acquisition represents a significant strategic milestone for Kemira, expanding its Water Solutions business into industrial water treatment services. Water Engineering, Inc., brings significant expertise in boiler and cooling tower water treatment formulations, as well as industrial wastewater treatment solutions in sectors such as food & beverage, manufacturing and healthcare, along with strong cross-selling potential for Kemira's existing product portfolio.
"This acquisition is a key milestone in our strategy to double the water revenue and establish a strong position in industrial water treatment services," said Tuija Pohjolainen-Hiltunen, Executive Vice President, Water Solutions at Kemira. "We are thrilled to welcome Water Engineering and its employees to the Kemira global team. Water Engineering's deep expertise in industrial water treatment services will significantly strengthen our capabilities and service offering. Together, we look forward to accelerating growth and continuing to deliver high-quality solutions and chemistries to industrial customers across North America."
Water Engineering is a leading provider of water treatment chemicals, consultation, and services including analytics and testing, water management, legionella management, and water treatment equipment among others.
Kemira is a global leader in sustainable chemical solutions for water-intensive industries.
