De.mem has signed contracts for the acquisition of a 75% stake in German industrial waste water treatment company Geutec GmbH.
With a strong customer base in Europe, Geutec GmbH delivers water treatment products and solutions based on a range of proprietary chemical formulations. This acquisition provides a platform for De.mem to roll out its membrane technologies into the German and European markets, as well as creating stable recurring revenue from the sale of chemical products.
De.mem CEO Andreas Kroll said, “the acquisition of Geutec GmbH provides a logical expansion of De.mem’s products range.”