US-based wastewater treatment company Gradiant has acquired Dubai-based water treatment firm Advanced Watertek, according to a statement picked up by Bloomberg last week. The financial details were not disclosed in the statement.
Gradiant wants to roll out cleantech in MENA: The company will set up a center ofmanufacturing excellence at Advanced Watertek’s 18k square foot Dubai facility, the statement notes. The aim is for the acquisition to boost Gradiant’s manufacturing capabilities, accelerate the roll-out of its tech to clients in MENA, and strengthen its regional market presence, it adds.
And make inroads into the lithium mining industry: Gradiant signed an agreement with US-headquartered energy multinational Schlumberger last October to partner on lithium extraction, which will see Gradiant tech used to distill the lithium solution and recover freshwater. Lithium is also a key element in electric vehicle batteries and is poised to see surging global demand.
About Gradiant: The company provides cleantech projects for wastewater treatment, focusing on industrial wastewater to prevent contaminants from being released into the environment and to reduce manufacturing dependence on public water supplies, co-founder Prakash Govindan told Forbes India in a December interview. This is a more complex process than treating sewage or domestic wastewater, and Gradiant’s cutting-edge tech helps companies recover up to 95% of wastewater streams in a cost-effective way, Govindan added.
About Advanced Watertek: Advanced Watertek designs and builds water treatment systems for a range of industries, including mining, agriculture and infrastructure, according to its website. It provides organizations with systems to reuse and recycle wastewater along with desalination, filtration and disinfection equipment. The firm currently has offices in Oman, Bahrain, KSA and Australia, and operates in over 50 countries.