Econet Group continues to grow
Econet Group merges DEWACO Ltd.
Econet Ltd has acquired the majority shares of the DWT Group Ltd., which owns 100% shares of the DEWACO Ltd. DEWACO Ltd. offers total solutions to the world´s most complex wastewater treatment problems and during its history of over 25 years has achieved a strong position in international markets. The company has the solutions to reduce environmental impacts and substantially improve efficiency in producing bioenergy form sludge.
Today, company products and solutions are in operation over 90 countries worldwide.
A Dewaco´s net sale is of approximately EUR 4.5(2012) million and employs 25 personals. Dewaco Ltd. has established sales office in Beijing, China for more than 10 years.
The merger does not cause any changes in staff personnel.
For more information:
Econet Ltd, Matti Leppäniemi, phone 040 553 3001, matti.leppaniemi@econetgroup.fi www.econetgroup.fi
Dewaco Ltd, Hannu Turunen, phone 044 052 3000, hannu.turunen@dewaco.fi www.dewaco.fi
Sentica Partners, Pentti Tuunala, phone 040 060 6078, pentti.tuunala@sentica.fi www.sentica.fi
Econet Ltd
Econet Group is a multi-service engineering and consulting company operating in the water and environmental technology sector. Turnover of the company was EUR 22.7 million (2011) with the total staff about 40 personals (2011).
Sentica Partners
Sentica is an independent private equity firm focused on middle-sized and small domestic companies on acquiring and developing. Sentica manages a total of about 300 million in total capital, and investors are mainly Finnish institutional investors, as well as a leading European fund of funds. www.sentica.fi
South east Luanda water treatment plant is the country’s largest waterworks which facilities over 1,6 million people’s daily water needs.
The expansion of system III will be executed by OTV international, the technological subsidiary of Veolia Water Solutions & Technologies. The company specializes in engineering, design and construction of turnkey facilities, and the creation of integrated technology solutions.
DEWACO provides chain and flight type sludge collectors to all 20 lamella settlers of the plant. The commission of sludge collectors is scheduled for the second/third quarter of 2013. This will be the biggest chain and flight installation that DEWACO ever supplied to the African continent.
Client: OTV international
Location: Luanda – Angola
End-user: Government of the Province of Luanda
Expansion of System III for a total production of 130,000 m³ of treated water/day, benefitting some 1.6 million people.