BASF announces completion of acquisition of inge watertechnologies AG
Unconditional approval by anti-trust authorities
The in April 2011 announced acquisition of the Germany based ultrafiltration specialist inge watertechnologies AG by BASF SE was closed successfully. The anti-trust authorities approved the transaction unconditionally.
Through this acquisition, BASF gains access to the market of ultrafiltration technology, a process used in the treatment of drinking water, process water, wastewater and sea water based on specific Multibore® membrane technology.
Making this move, BASF will profitably expand its market position in the attractive and rapidly growing water treatment market and broaden the technology base for its water platform.
“We are pleased to have completed this acquisition within the scheduled time frame and we wish to welcome our new colleagues from inge watertechnologies to BASF,” said Dr. Matthias Halusa, Vice President of BASF’s Water Solutions Business . „This acquisition will enable us to further improve our position in the water treatment industry by offering our customers package systems including chemicals and membrane equipment.”
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