Amiad Water Systems (TAE: AMD), a global leader in water filtration and treatment solutions for industry and agriculture, has signed an agreement for a complete (100%) acquisition of Aslan Technologies.
Aslan Technologies, headquartered in Burlington, Ontario Canada, has for the past thirty years designed and developed a variety of water treatment solutions suitable for municipal applications (small towns, isolated communities, and rural villages), as well as industrial applications in North America.
Amiad’s Management estimates that the acquisition will create commercial and operational synergy with Amiad’s USA subsidiary. The acquisition will enable Amiad to expand its operation in the Canadian market with Aslan and Amiad products while growing its activities in the municipal, rural, and industrial sectors throughout North America. The acquisition will further enhance Amiad’s brand name by adding the “Aslan” brand into its portfolio.
EC M&A acted as the exclusive financial advisor to Amiad Water Systems on this transaction.