| Siemens takes over Hamburg-based SG Wasseraufbereitung und Regenerierstation |
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06/10/2008 06:00 (491 Day 14:57 minutes ago) | |||||
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The FINANCIAL -- Siemens announced the acquisition of the German company SG Wasseraufbereitung und Regenerierstation GmbH (SG Water).
The Hamburg-based supplier specializes in water treatment solutions for laboratories and industrial organizations. Siemens Water Technologies, a Business Unit of Siemens’ Industry Solutions Division will further strengthen its portfolio with SG Water. SG Water employees roughly 60 staff members at two locations in Barsbüttel near Hamburg and Haimhausen near Munich. Both parties agreed not to disclose the purchase price.
SG Water can look back on more than 30 years of experience in developing, producing and selling high-purity water products and systems for laboratories and industry around the world. “The solutions of SG Water will complement especially our water treatment product portfolio in the USA”, says Dave Spyker, Executive Vice President of the Industry Segment for Siemens Water Technologies. More than half of SG Water’s turnover is generated outside Germany in countries such as the USA, Ireland, the UK and China.
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