Strabag planning to acquire German-based water management firm for €100m

A WTE Wassertechnik-built water facility in North Macedonia. (Image: WTE Wassertechnik)

The transaction is said to be in the amount of €100 million (US$105 million) for all shares of WTE Wassertechnik.

Strabag said the purchase will include the water management company’s European and Middle East business, although WTE Wassertechnik’s projects in Budva (Montenegro), Zagreb (Croatia), and Prague (Czech Republic) are not included in the sale.

“EVN will continue to finance a significant portion of WTE’s construction and development projects in Kuwait and Bahrain, even after the closing of the transaction, and will bear most of the construction risk of these projects,” added Strabag.

The deal is expected to officially close in February 2025 at the latest, Strabag said.

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