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New Deal


Announced

Cadiz to acquire ATEC Systems.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

groundwater filtration

Acquisition

Friendly

Single Bidder

Majority

Private

Pending

Water

United States

Synopsis

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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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