Charles Russell Speechlys LLP were pleased to advise Eliquo Water Group GmbH, a leading European water treatment and engineering solutions company on its acquisition and corporate restructuring of water utility engineering specialist, Hydrok UK Limited.
The deal sees Eliquo establish a presence in the UK municipal water and wastewater technology market. Hydrok will gain access to Eliquo’s technology portfolio and will also retain its established senior management team, who have worked in the business for many years.
The Eliquo Water Group is an arm of the German investment company SKion GmbH, and specialises in municipal water and waste water equipment engineering. The companies within the group offer a full range of high-quality products for the fields of project development, plant engineering and service.
Hydrok has extensive experience and track record of working with all the major water utility companies throughout the UK and Eire. Its head office and main manufacturing base is located in Cornwall, with additional satellite 'service and installation' depots throughout the country.
Dr. Reinhard Hübner, CEO of Eliquo Water Group said: “For ELIQUO, entering the UK market is a strategic step because we believe in the sector and the fit of our technologies around energy efficiency, biosolids management and nutrient elimination/recovery with the needs of the UK utilities. Hydrok is the perfect partner for us and with the support of the Charles Russell Speechlys team we were able to successfully complete this acquisition”.
Speaking of the deal, Geoffrey Sparks who led the Charles Russell Speechlys LLP team working with Eliquo has said: “We are pleased to have acted for Eliquo Water Group GmbH as they enter the UK market for the first time. They have huge ambition and we hope to continue to work with them to ensure they achieve their plans.”
The Charles Russell Speechlys LLP team comprised Geoffrey Sparks and Samuel Milne (Corporate), Claire Timmings and Richard Long (Property) and Emily Chalkley (Employment).
