HAGER + ELSÄSSER REPORTS THAT 2014 ORDER INCOME ALREADY EXCEEDS GOAL, COMPANY IS ON TRACK FOR CONTINUED GROWTH
STUTTGART, GERMANY, November, 2014 – Only three months after its acquisition by Aquarion AG, a leading global water treatment company based in Switzerland, the German water treatment specialist Hager + Elsässer (H+E GmbH) has received total order income of 22,900,000 Euro. This result already exceeds its goal for 2014, with two more months to go.
“We are delighted to report that we have already surpassed our expected order intake targets for 2014. For more than 80 years, H+E has been one of Europe’s most important water treatment companies with a proven track record of leadership and innovation, despite financial issues associated with our previous ownership. The acquisition by Aquarion in July 2014 and corresponding increase in capital is a clear sign of confidence from our investors that has not only enabled us to regain our former strength but, perhaps more importantly, recapture the confidence of customers throughout our market area and achieve further growth. A special thank you needs to be said to our loyal customers who have been supporting us all the way and continue to do so, with many exciting new projects already awarded or in the queue,” said Thomas Will, Chief Executive Officer of H+E GmbH.
An initial capital increase to 500,000 Euros was recently completed, and a capital increase to 1 million Euros has been planned for the near future to further support H+E’s continued growth.
Currently, Hager + Elsässer has been awarded five international projects. They include a contract awarded by a renowned German semiconductor company for a specialized water treatment system consisting of “make-up” and “polishing” treatment steps to produce ultrapure water.
In addition, a Polish energy company has engaged H+E to provide a flue gas desulfurization plant that will be needed in their coal-fired power plant. Furthermore, H+E will build a wastewater treatment plant for an Egyptian sugar producing company.
H+E also has received strong order income from its subsidiaries located outside Europe including order intakes in Asia totalling almost $20 million US. These projects include plants in Azerbaijan (oil & gas), Australia (recycling from municipal wastewater) and the Philippines (semiconductor and power generation). Recent order income in the UK is approximately £4 million. This includes a wastewater treatment plant for Heathrow Airport and a Treatment Plant for Flue Gas Desulphurization in Denmark.
“The results from our subsidiaries also exceed our expectations and bode well for robust growth in those regions,” said Will. Core competences of H+E are systems and solutions for process and ultrapure water, wastewater treatment, as well as water and resource recovery. Important technologies are in particular biological and physical treatment processes. Focus industries for H+E are the semiconductors and microelectronics, solar, pulp and paper, and food and beverage sectors as well as the power generation, petrochemical (downstream) and pharmaceutical industries.
About Hager + Elsässer
Headquartered in Stuttgart, Germany, and with 80 years of tradition at this location, the H+E GmbH is a leading manufacturer of equipment for process and ultrapure water treatment for various industries. Currently, H+E systems are installed in over 160 countries in the world. In addition to the headquarters in Stuttgart H + E has offices in Dresden (manufacturing and production), England, Malaysia, Philippines, Singapore and Thailand.
About Aquarion Group (Aquarion AG)
A total enhanced EPC solution provider, Aquarion (www.aquarion-group.com) is a leading provider of advanced water systems, solutions and technologies for the oil & gas industry, the energy sector and other process industries. Based in Switzerland, Aquarion offers the best available technologies, high quality engineering, international expertise and local know how for a wide range of water treatments for various industries (pure water, wastewater and recycling /reuse), integrating the most advanced technologies into its offered solutions. Aquarion has operations in the UAE, Germany, Switzerland, Italy, USA, UK, Russia and Southeast Asia. For additional information about Aquarion, please visit www.aquarion-group.com.
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