Private equity firm seals Siemens Water Technologies purchase, renames business Evoqua

The new company will be called Evoqua Water Technologies LLC and will continue to offer municipal and industrial water and wastewater treatment equipment and services.

The name Evoqua originates from the words evoke, evolve and aqua.

The existing management, led by CEO Dr Lukas Loeffler, will remain with Evoqua Water Technologies under AEA ownership.

“AEA Investors is pleased to complete this acquisition and move forward with management to execute its plan to grow the business and maximize the potential of this industry leader,” said AEA Partner Brian Hoesterey.

“The management and 4000 employees of Evoqua are committed to refocusing our culture on adding value for customers,” said Loeffler. “AEA’s primary professionals interfacing with us have years of water, specialty chemicals and industrial experience. Combined with our expertise, proven legacy brands and advanced water and wastewater treatment technologies, the company is well-positioned for its next evolution to helping our customers achieve success.”

The €640 million deal was announced in November 2013.