The Saur group has announced the signing of a contract to sell Saur Colombia, its municipal water management business in Colombia, to the Spanish group Aqualia.
With nearly 300 employees, Saur Colombia operates 6 water distribution and treatment concessions for municipalities located in northern Colombia. Saur Colombia generated revenues of around 12 million euros in 2021.
With revenues of 1.7 billion euros in 2021, Saur is one of the leading European groups specializing in water infrastructure management and water treatment services for local authorities and industry.
With the disposal of its municipal water management activities in Colombia, Saur is streamlining its geographic footprint and focusing its resources to execute its strategic plan.
The completion of the transaction is subject to the approval of the authorities in charge of merger control.
CASE Corporate Finance acted as financial adviser to Saur together with its Latin American partners MAP Alliance, a network of three investment banking boutiques (Metis Advisors based in Sao Paulo, Atlantico Capital based in Miami, and Providence Capital based in Santiago de Chile) offering a full coverage of Latin America.
This transaction is the fourth transactions on which CASE Corporate Finance advised SAUR since 2018.