Charles Russell Speechlys LLP advise Eliquo Water Group GmbH on its acquisition of water utility engineering specialist, Hydrok UK Limited
Charles Russell Speechlys LLP were pleased to advise Eliquo Water Group GmbH, a leading European water treatment and engineering solutions company on its acquisition and corporate restructuring of water utility engineering specialist, Hydrok UK Limited.
The deal sees Eliquo establish a presence in the UK municipal water and wastewater technology market. Hydrok will gain access to Eliquo’s technology portfolio and will also retain its established senior management team, who have worked in the business for many years.
The Eliquo Water Group is an arm of the German investment company SKion GmbH, and specialises in municipal water and waste water equipment engineering. The companies within the group offer a full range of high-quality products for the fields of project development, plant engineering and service.
Hydrok has extensive experience and track record of working with all the major water utility companies throughout the UK and Eire. Its head office and main manufacturing base is located in Cornwall, with additional satellite 'service and installation' depots throughout the country.
Dr. Reinhard Hübner, CEO of Eliquo Water Group said: “For ELIQUO, entering the UK market is a strategic step because we believe in the sector and the fit of our technologies around energy efficiency, biosolids management and nutrient elimination/recovery with the needs of the UK utilities. Hydrok is the perfect partner for us and with the support of the Charles Russell Speechlys team we were able to successfully complete this acquisition”.
Speaking of the deal, Geoffrey Sparks who led the Charles Russell Speechlys LLP team working with Eliquo has said: “We are pleased to have acted for Eliquo Water Group GmbH as they enter the UK market for the first time. They have huge ambition and we hope to continue to work with them to ensure they achieve their plans.”
The Charles Russell Speechlys LLP team comprised Geoffrey Sparks and Samuel Milne (Corporate), Claire Timmings and Richard Long (Property) and Emily Chalkley (Employment).
News & Insights
Charles Russell Speechlys advises Country Court Care on refinancing
Country Court’s portfolio currently comprises 30 freehold care homes, with seven opened over the past two years.
Charles Russell Speechlys joins ELITE partner programme to help ambitious UK businesses succeed
ELITE is London Stock Exchange Group’s international business support and capital raising programme for private growth companies.
Malcolm MacDougall ranked top place in UK’s ranking for most active deal lawyer by volume
The league tables are compiled by deals announced in the first half of 2018 and which are available on Mergermarket’s deals database.
Charles Russell Speechlys ranked top place by deal value in the East of England
The results were in the recent Experian MarketIQ report, showing the firm’s total value for deals in the East of England as £1,202,000,000.