PRZOOM - /newswire/ -
Ludwigshafen, Germany, 2011/08/17 - The in April 2011 announced acquisition of the Germany based ultrafiltration specialist inge watertechnologies AG by BASF SE was closed successfully. The anti-trust authorities approved the transaction unconditionally - inge.ag / BASF.com. DE000BASF111
• Important step in BASF’s growth strategy for the Water Solutions business.
• Unconditional approval by anti-trust authorities.
Through this acquisition, BASF gains access to the market of ultrafiltration technology, a process used in the treatment of drinking water, process water, wastewater and sea water based on specific Multibore® membrane technology.
Making this move, BASF will profitably expand its market position in the attractive and rapidly growing water treatment market and b roaden the technology base for its water platform.
“We are pleased to have completed this acquisition within the scheduled time frame and we wish to welcome our new colleagues from inge watertechnologies to BASF,” said Dr. Matthias Halusa, Vice President of BASF’s Water Solutions Business . „This acquisition will enable us to further improve our position in the water treatment industry by offering our customers package systems including chemicals and membrane equipment.”
BASF (basf.com) is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of about €63.9 billion in 2010 and had approximately 109,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).
About inge watertechnologies AG
inge watertechnologies (inge.ag), based in Greifenberg, Germany, is a world’s leading provider of ultrafiltration membrane technology used to treat drinking water, process water, wastewater and sea water. The company has completed numerous reference projects around the globe featuring its patented Multibore® membrane. The extremely small-pore filters of the inge technology reliably intercept particles and microorganisms such as bacteria and viruses, thereby providing a dependable source of clean water. inge has offices in Germany, China, and Turkey.