Alberta-based Stantec has moved to acquire Colorado-based MWH Global for US $795 million — representing Stantec’s largest acquisition to date. This latest deal propels Stantec into the top ten rankings of EPC design firms active in the water sector. The Stantec-MWH deal reinforces a wave of consolidation among leading players looking to reduce exposures to flagging… Continue reading Water, M&A Reshuffle Consolidating EPC Sector
Report Type: Research Note
Brief research summaries of market development or company strategies.
Melbourne Contract Reflects Value of Desal
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IWPs Feast on Oman’s Rising Water Demand
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Egypt IWPP Win Contrasts Water PPP Bottlenecks
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France Reshapes Private Water Landscape
In February, French water sector bellwethers Suez Environment and Veolia published full 2015 results confirming a sustained decrease in the importance of French revenues in their respective water portfolios. Both firms have attributed the decline to an unfavorable tariff environment and contract renegotiations, despite an annual production volume increase of over one percent.
Veolia Expands Offering to Nuclear Facilities
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EPA Unveils $271B Wastewater Infrastructure Need
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Oil Falls, Private Water Rises in Saudi Arabia
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Debt Wave Crashes on Abengoa Water
On 25 November 2015, Seville-based Abengoa S.A., the parent company of Abengoa Water and Abiensa, filed for creditor protection in Madrid, a precursor to bankruptcy proceedings. Spanish industrial player Gonvarri Steel Services’ (Gestamp) offer to acquire 28% of the firm for Û350 million (US$377 million) fell through the prior week.
RWL Water Strategy Taking Shape with New Deals
On 18 November 2015, RWL Water announced a joint venture, RWL Water Mexico, with Química Apollo to pursue industrial water and wastewater treatment projects in Mexico. Mexico-based Química Apollo specializes in chemical treatment services in the oil and gas, power, and other industrial sectors.
