Getting Lucky With Water Technologies
by Richard T. Stuebi
For cleantech investors in the water space, one of the most attractive aspects of the water technology sector is that there’s a well-established set of well-heeled companies with strong interests in building their water businesses via acquisitions. This list includes most prominently General Electric (NYSE: GE), Siemens (NYSE: SI), and Veolia (NYSE: VE): multi-billion dollar global corporations who are accustomed to buying smaller companies to achieve growth targets.
This list has recently grown: the Korean conglomerate LG (KSE: 066570.KS), formerly known as Lucky Goldstar, recently announced their intentions to make a major move into water treatment technologies. Their aspirations are very ambitious: $400 million allocated for investments to reach a $7 billion revenue target by 2020.
The addition of LG further improves exit dynamics for water tech ventures. It will be interesting to track M&A activity in the water arena in the coming years.
Trackbacks & Pingbacks
[…] As posted to CleanTechBlog.com […]
Leave a Reply
Want to join the discussion?Feel free to contribute!