VA Tech WABAG has signed a non-binding term sheet to create a new investment platform focused on municipal water infrastructure. The platform will commit up to $100 million in equity investments over the next three to five years.
Strategic Investor Consortium
WABAG has partnered with a consortium of investors, including Norway’s Norfund and two other international firms, to drive this initiative. As the platform’s technical partner, WABAG will provide engineering, procurement, construction, and maintenance services. Additionally, the company will make a minority investment, aligning with its asset-light growth strategy.
Commitment to Sustainable Water Solutions
Varadarajan, Whole-time Director & Chief Growth Officer at WABAG, emphasized the significance of this collaboration, stating, “This partnership underscores our commitment to addressing global water challenges by leveraging cutting-edge technology and expertise.”
Leveraging Technical Expertise and Financial Strength
By combining WABAG’s advanced water technology with the financial backing of its investors, the platform aims to accelerate sustainable municipal water management solutions. The company plans to share further updates as definitive agreements are finalized.
Global Presence and Experience
WABAG currently operates in more than 25 countries, employing over 1,600 water professionals. As reported by thehindubusinessline.com, the company has successfully built more than 1,500 water and wastewater treatment plants worldwide, reinforcing its position as a global leader in water technology.
