Combined companies will provide full asset life cycle service capability for the U.K. water sector. MWH Global (“MWH”), the global wet infrastructure sector leader and provider of environmental engineering, construction and strategic consulting services announced today that it has signed a definitive agreement with Biwater Holdings Limited (“Biwater Holdings”) to acquire its U.K. based subsidiary Biwater Services Limited (“Biwater Services”). Biwater Services is a leading U.K. water construction and engineering firm, acting as the holding company for Biwater Treatment, Farrer Consulting and BiProduct Recovery. The company has 675 employees. Together, MWH and Biwater Services have the ability to provide program and asset management led frameworks, enabling MWH to benefit from expected market changes and be responsive to future challenges.
“Together, we provide a broader range of skills to address the creation, management and optimization of existing wet infrastructure assets. This is especially relevant recognizing changing, and sometimes conflicting, demands of energy, infrastructure rehabilitation, refurbishment, efficiency and carbon reduction,” remarked Robert B. Uhler, Chairman and CEO of MWH Global. “We have enhanced our ability to service the full asset life cycle of our clients from feasibility through commissioning and operation.” Larry Magor, CEO of Biwater Holdings commented, “Following Biwater Holding’s decision to refocus the business on its core international capabilities, we are pleased to have been able to find a strong partner for Biwater Services in MWH for both our customers and employees.”
Uhler also stated that the combined organization remains fully committed to their existing clients and current AMP 5 contracts. Both organizations have a shared heritage within the U.K. market that dates back over 100 years. The integration of the two companies will begin immediately, following appropriate regulatory approvals. MWH Global was advised by Houlihan Lokey and Biwater Holdings was advised by Hawkpoint Partners.