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AEA Investors LP to Acqu ire Siemens Water Technologies LLC
November 6, 2013 - Alpharetta, GA
Experienced private equity firm signs agreement to acquire
Siemens Water Technologies (WT) municipal, industrial and
services operations
Existing management is committed to remain to ensure continuity
of ongoing successful integration and optimization of
WT assets
The company will continue focus on municipal and industrial
water and wastewater treatment equipment and services
AEA Investors LPhas signed an agreement to acquire the
municipal, industrial and services water and wastewater
treatment operations and assets of Siemens Water Technologies
for EUR 640 million. The transaction is still subject to
regulatory ap-proval.
With more than 45 years of investing experience, AEA has an
established track record of achieving superior returns as a
leading private equity partner to middle market companies. AEA
focuses on control buyouts in four industry sectors: value-
added industrial products; specialty chemicals; consumer
products/retail and services.
Working with AEA investment professionals and operating
partners, the existing management under the leadership of
CEO Dr. Lukas Loeffler is committed to remain to ensure
continuity of the ongoing successful integration and
optimization
of Water Technologies operations and assets. Siemens AG acquired
the company in 2004 and will continue oversight
until change of control anticipated to be within the next few
months.
Under AEA, the company will continue focus on municipal and
industrial water and wastewater treatment equipment and
services.
We are excited to be partnering with one of the leaders in the
global water industry and are supportive of management
and their plan to continue to grow the business said AEA
Managing Partner Brian Hoesterey.
We look forward to a new chapter of increased entrepreneurship,
flexibility and growth for Water Technologies, Loeffler
said. Together with AEA, we will continue building on our wide
range of enduring brands and advanced water and
wastewater treatment technologies to help our customers more
cost-effectively meet their water needs now and in the
future.
About AEA Investors LP
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon,
and Harriman family interests and S.G. Warburg & Co.
as a private investment vehicle for a select group of industrial
family offices with substantial assets. AEAs activeindividual
investors (the Participants) include an extraordinary network of
more than 75 highly successful business
executives, industrial families and former government leaders.
Today, AEAs over 60 investment professionals operate
globally with offices in New York, Connecticut, London, Munich,
Hong Kong and Shanghai. The firm manages funds that
have $6.5 billion of invested and committed capital including
the leveraged buyouts of middle market companies and small
businesses and mezzanine and senior debt investing. AEA Private
Equity invests across four sectors: value added
industrial products, specialty chemicals, consumer
products/retail and services.
About Siemens Industry
The Siemens Industry Sector (Erlangen, Germany) is the world's
leading supplier of innovative and environmentally
friendly products and solutions for industrial customers. With
end-to-end automation technology and industrial software,
solid vertical-market expertise, and technology-based services,
the Sector enhances its customers' productivity, efficiency,
and flexibility. With a global workforce of more than 100,000
employees, the Industry Sector comprises the Divisions
Industry Automation, Drive Technologies and Customer Services as
well as the Business Unit Metals Technologies. For
more information, visit http://www.siemens.com/industry.
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Water Technologies About Us Newsroom
Press Contact
John Deaver, APR
Director of Communications
Siemens Water Technologies, LLC
4800 North Point Parkway, Ste. 250
Alpharetta, GA 30022 USA
Phone: +1 (404) 937-1562
E-mail:[email protected]
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Page 1AEA Investors LP to Acquire Siemens Water Technologies
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