With the support of its majority shareholder EQT, SAUR has just signed an agreement to acquire Nijhuis Industries, a leading Dutch group specialized in advanced industrial water and wastewater treatment solutions with a worldwide footprint.
The acquisition represents a major step into the transformation of SAUR towards a more international group with a strengthened technological, innovative and digital differentiation and a more attractive growth profile.
Through this acquisition, which should be finalized in H2 2020, the new platform resulting from the combination of Nijhuis Industries with SAUR industrial business, namely SAUR Industries, Unidro and Econvert, will become a leading player in Industrial Water. The combined entity achieves annual revenues of about EUR 200m and plans to exceed revenues of EUR 300m by 2022.
Headquartered in the Netherlands, Nijhuis Industries is a provider of EPC turnkey solutions and systems, O&M services as well as rental solutions in the field of industrial water and wastewater treatment. The company counts more than 350 employees worldwide and references in about 130 countries. From 2017 to 2019, Nijhuis managed to double its revenues to EUR 90m.
CASE Corporate Finance and ABN AMRO acted as financial advisor to SAUR.