Kemira has signed a purchase agreement to acquire Water Engineering, Inc., a Nebraska-based company specializing in water treatment services, from Nolan Capital, Inc. The purchase price is approximately USD 150 million in cash, subject to standard adjustments. The transaction is expected to close before the end of 2025, pending regulatory approvals and customary closing conditions.
The acquisition will expand Kemira’s Water Solutions business into industrial water treatment services. Water Engineering provides expertise in boiler and cooling tower water treatment, as well as industrial wastewater treatment for sectors including food and beverage, manufacturing, and healthcare. The company’s capabilities also create opportunities for cross-selling Kemira’s existing product portfolio.
Water Engineering has reported steady growth in recent years. According to Kemira, the acquisition is expected to support further expansion in the industrial water treatment services sector, which is projected to grow at a faster rate than traditional municipal and industrial water treatment markets.
According to Kemira, the acquisition is expected to support further expansion in the industrial water treatment services sector
“This acquisition is a key milestone in our strategy to double the water revenue and establish a strong position in industrial water treatment services,” said Tuija Pohjolainen-Hiltunen, Executive Vice President, Water Solutions at Kemira. “We are thrilled to welcome Water Engineering and its employees to the Kemira global team. Water Engineering’s deep expertise in industrial water treatment services will significantly strengthen our capabilities and service offering. Together, we look forward to accelerating growth and continuing to deliver high-quality solutions and chemistries to industrial customers across North America.”
David Wagenfuhr, CEO of Water Engineering, Inc., added: “We are excited to join Kemira and become part of a global leader in water chemistry and solutions. This partnership marks a new chapter for Water Engineering, Inc., enabling us to scale our service capabilities, expand our reach, and continue delivering exceptional value to our customers. Kemira’s commitment to innovation and customer-centricity aligns perfectly with our own values, and we look forward to building a strong future together.”
