Saur has signed an agreement to acquire Natural Systems Utilities (NSU), a provider of turnkey water treatment and reuse solutions in the US with over 270 systems and a focus on distributed wastewater treatment and direct water reuse solutions through Nijhuis Saur Industries (NSI), the industrial water arm of Saur. Terms of the transaction were not disclosed and the transaction is expected to close in Q1 2024, subject to regulatory approvals and satisfaction of customary closing conditions.
With the acquisition of NSU, Saur will expand its North American presence following its acquisition of the US water purification company Aqua-Chem in 2022. Through NSU acquisition, Saur will gain a position in the residential and commercial onsite water and wastewater treatment and reuse market in the US and Europe, according to NSI CEO and president Menno Holterman.
“This acquisition will enrich our technological base in water reuse and decentralised water solutions, strengthening our value proposition to a broadened shared customer base in both residential and commercial buildings,” said Saur executive chairman Patrick Bletho. “It marks a milestone in our water transition journey to a circular economy.”
In addition to NSU design, build, operating and maintenance (O&M) capabilities, the acquisition is expected to generate synergies including cross-selling opportunities among existing industrial and municipal customers, manufacturing synergies, and product and procurement opportunities.
Furthermore, in a statement, NSU president Zach Gallagher added that the company has seen more activities, interest and regulatory movements in the distributed water treatment and reuse space these past five years compared to the past 20 years. He said, “The industry is at an inflection point and this partnership with Saur and NSI will support the demand.”
NSU is said to have helmed marquee projects such as the Gillette stadium and Patriot Place complex in Massachusetts, Battery Park city in New York city, and the retrofitting of Microsoft and Google’s Silicon Valley campuses in California.