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Almar Water Solutions enters Australian market acquiring 70% of Aqualyng

  • Almar Water Solutions enters Australian market acquiring 70% of Aqualyng
  • Aqualyng is a comprehensive water services platform with deep expertise in EPC and BOT projects, as well as services for industrial and mining clients.

  • Australia is a key market for Almar Water Solutions, which aims to become a global water services provider.

About the entity

Almar Water Solutions
Almar Water Solutions is a provider of specialist expertise and solutions in water infrastructure development, including financing, design and operation.

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Almar Water Solutions, a global leading business in developing and managing water infrastructure and services, and part of Jameel Environmental Services, has announced its entry into the Australian water market by securing a 70% acquisition of the Australian company Aqualyng.

This acquisition further expands Almar Water Solutions' presence in the Asia Pacific region and facilitates its path towards becoming a leading global water services provider.  

Aqualyng is a comprehensive water platform with deep expertise in Engineering, Procurement, and Construction (EPC), and build-operate-transfer (BOT) projects. To date, Aqualyng has developed more than 144 water projects globally, comprising water production, wastewater treatment, operation and maintenance services, industrial applications, technology solutions, and chemical supply, among other offerings. further facilitates its path towards becoming a leading global water services provider.  

With this acquisition, Almar Water Solutions and Aqualyng will create a leading platform serving the regional, industrial, and municipal water markets.

Almar Water Solutions completed this acquisition right after the Financial Close of a cornerstone industrial project for Aqualyng. Aqualyng has been awarded a water treatment plant for the industrial client WestSide Corporation, making it the country's first reference in industrial reuse under a BOOT (build-own-operate-transfer) scheme for the oil and gas sector.

The five-year project is a reuse initiative that treats produced water from Coal Seam Gas operations into landscaping and irrigation water quality. The project reached its Commercial Operation Date on February 14th and has been delivering a steady treated water output taken by WestSide for landscaping use since then.

The acquisition announcement also follows the signing of an agreement for a water transportation system for Almar, Transelec, and Antofagasta Minerals' Centinela mining operation in Chile

The water treatment and reuse plant for WestSide Corporation will deliver a treatment capacity of 2,000 m3/day through several treatment blocks involving dissolved air flotation (DAF), ultrafiltration (UF) and reverse osmosis (RO) technology. Located in the Meridian gas field west of Gladstone in Queensland's Bowen Basin, the plant is a tailor-made project for Westside as a sole off-taker, adding significant value to the company's commercial and sustainability programs.

Carlos Cosin, CEO of Almar Water Solutions, said: "The Asia Pacific region has always been a target market for Almar Water Solutions. With the Aqualyng acquisition, we are expanding our presence in this market and growing in competencies, covering the entire water cycle and becoming a global water services provider. This new step, framed within the strategic plan, will add value to our company and the industry."

Fadey Kassim, CEO of Aqualyng, commented: "Almar Water Solutions has become a strategic partner for Aqualyng. Our goal with this union is to expand our capabilities and projects worldwide, transferring our expertise and technology to solve the industry's water problems. The experience of their team will bring value and recognition to our project, maintaining the proximity to our customers and suppliers in the region.”

The acquisition announcement also follows the signing of an agreement for a water transportation system for Almar, Transelec, and Antofagasta Minerals' Centinela mining operation in Chile.

Since its establishment more than seven years ago, Almar Water Solutions operates across four continents with a strategy focused on investment, service solution development, and technological innovation. With these new moves in Asia Pacific, Almar Water Solutions continues expanding its portfolio of solutions worldwide.

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