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Green Gateway Fund invests in Aquarius Water Group

Wermuth Asset Management, adviser to the Green Gateway Fund, has made an investment of EUR6.5m in Aquarius Water Group (AWG).

 
AWG is a provider of advanced water systems, solutions and technologies to the oil and gas industry and other heavy industries.
 
Green Gateway Fund senior partner Casper Heijsteeg says: “We see AWG as an extremely attractive investment – this is a high-quality company with very strong growth prospects, led by a management team with a clear vision. Our investment in AWG goes beyond just a financial commitment. For us, this is a strategic partnership, and we look forward to working closely with AWG to develop the company into a leading global business.”
 
AWG is creating a water-technology and solutions company focused on the oil and gas industry through a buy-and-build strategy. While the company has expertise in water treatment for a number of different industries, it focuses on oil and gas.
 
According to Global Water Intelligence, an analyst of the international water industry, the oil and gas sector is currently the fastest growing market for industrial water technology, and is likely to remain so for at least the next five years.
 
AWG chief executive Karl Michael Millauer says: “We are pleased to have the GGF on board. Our company is going through a very dynamic growth phase. We are delighted to be supported by professional investors who understand the business and the sector, and are eager to be part of sustainable development projects.” 

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