Announced
Financials
Sources
Tags
Domestic
groundwater filtration
Acquisition
Friendly
Single Bidder
Majority
Private
Pending
Water
United States
Synopsis
Cadiz, a natural resources company, agreed to acquire ATEC Systems, a provider of groundwater filtration systems for community, municipal, agricultural and industrial use. Financial terms were not disclosed. "We are proud to combine our expertise with ATEC in delivering innovative and affordable water solutions, particularly for small, rural and low-income communities without the financial resources to access to safe, reliable water supplies. ATEC's technology and expertise in conjunction with our state-of-the-art conservation and conveyance technologies will help us deliver affordable clean water solutions to communities throughout and beyond California," Susan Kennedy, Cadiz Executive Chairperson.
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