Almar Water Solutions completed the acquisition of Ridgewood Egypt.

Almar Water Solutions, a global developer of water infrastructure solutions, completed the acquisition of Ridgewood Egypt, a provider of desalinated water to industrial clients and the tourism sector. Financial terms were not disclosed. “After months of work with the team from Hassam Allam Utilities BV, we are proud to say that the agreement is a complete success, and we look forward to developing new projects together in the future. With this new contract, Almar Water continues to expand rapidly beyond its portfolio of new, ‘greenfield’ projects under development with assets already in operation (or so-called ‘brownfield’ projects) expanding and diversifying our services, with additional capacity of over 80k m3/day of drinking water. The acquisition of the Ridgewood Group also cements Almar Water Solutions’ entry into the Egyptian market, a strategic country for the company," Carlos Cosín, Almar Water Solutions CEO.