August 3rd, 2022
Almar Water Solutions acquires 50% of the shares of Aguas San Pedro S.A..SHARE
Almar Water Solutions, a leading company in the development and management of water infrastructure and services, and part of Abdul Latif Jameel Energy, acquired 50% of Aguas San Pedro S.A., a company that operates in the water concession market in Chile, serving more than 39,000 customers, with a population served to exceed 150,000 inhabitants.
With this new acquisition, Almar Water Solutions expands its activities and enters the urban services market (integral water cycle), confirming its commitment to the creation of regional service platforms with local partners, thus approaching the reality of each geography and client.
This transaction complements Almar Water Solutions' offering and its presence in the Chilean and Latin American markets, following the acquisitions of Osmoflo SpA in 2019 and 50% of Aguas y Riles S.A. in 2021 in the industrial water market, which after their merger operate as Almar Water Services Latam.
Following the closing of this transaction, Carlos Cosín, CEO of Almar Water Solutions, pointed out: "We reaffirm our commitment to provide municipal and industrial water services hand in hand with local partners, to collectively expand our expertise and financial capacity to Chile and other areas of Latin America. The region has a high water demand, great inequality in the distribution of resources, and high effluent treatment needs, where Almar can provide great value in the development and management of solutions based on non-conventional technologies."