Abdul Latif Jameel Energy’s Almar Water Solutions doubles its Chilean presence acquiring 50% of Aguas y Riles SA
- Aguas y Riles S.A. was founded in 2001 and offers customized water treatment and transport solutions for mining and industry
- This acquisition enables both companies to together. sharing expertise, equipment, experience and technology in the local market and expanding their activity across the region
The Company, founded in 2001, offers customized water treatment and transport solutions for mining and industry, amongst others. This acquisition enables both companies to grow hand-in-hand through sharing expertise, equipment, experience, and technology in the local water sector and expanding across Latin America.
With this new acquisition, Almar Water Solutions further confirms its commitment to regional platforms, with the aim of finding the best opportunities and synergies with local partners, bringing it closer to the reality of each geographic area and client. In this case, it is expanding the regional platform in Latin America, which began in 2019, with the purchase of Osmoflo SpA, which will now be integrated under the umbrella of Aguas y Riles.
The operation and optimization of water treatment plants has a significant impact on the fixed and variable costs of many industries, so the possibility of outsourcing the operation to companies specialized in the field is an attractive choice across Latin America. Aguas y Riles, itself operates in Chile, Peru and Colombia with a team of 600 people, and offers a comprehensive services portfolio including: operation and maintenance for industrial clients, dedicated operations with investment, design and construction of water treatment plants, industrial liquid waste management and specialized services for waste water and drinking water treatment plants.
After signing this new contract, Carlos Cosín, Chief Executive Officer, Almar Water Solutions, commented:
“We are reaffirming our focus on municipal and industrial water services with local partners, in order to together expand our expertise and financial capacity to other areas of Latin America – an area with high water demand, a large degree of inequality in the distribution of resources and which still has high effluent treatment needs.”
Fady Jameel, Deputy President and Vice Chairman, Abdul Latif Jameel added:
“This new strategic investment further consolidates our position and commitment to grow in the Latin American market. With the operational in-market expertise of Aguas y Riles, we are confident of accelerating the positioning of Almar Water Solutions an industry leader in innovative water solutions in Latin America more broadly.”
Almar Water Solutions already has two regional platforms in Chile and Egypt, from which it offers new operation and maintenance developments and solutions for the industrial, tourism and commercial sectors. These platforms are supported by companies with extensive experience in the water sector, such as Osmoflo SpA in Chile and Ridgewood in Egypt. Together with Aguas y Riles S.A., the regional platform in Chile now covers an important facet, providing a wide range of services for companies in different sectors in Latin America.
These alliances provide significant benefits for the clients because they bring the knowledge and experience of local enterprises and the innovation, financing, and diversity of a major multinational such as Almar Water Solutions.