APTwater acquires remaining 50% stake in Sepro Membranes
Oct 04, 2013 (MarketLine Financial Deals Tracker via COMTEX) --
APTwater, Inc., a developer and operator of water treatment systems, has acquired the remaining 50% stake in Sepro Membranes, Inc., a manufacturer and developer of membranes and modules, from Sojitz Corporation, a Japan-based diversified holding company. APTwater and Sepro Membranes are based in the US.
Hercules Technology Growth Capital, Inc. provided financing for APTwater.
Deal Type Acquisition
Sub-Category Minority Acquisition
Deal Status Completed: 2013-10-03
Target (Company) Sepro Membranes, Inc.
Acquirer (Company) APTwater, Inc.
Vendor (Company) Sojitz Corporation
% Acquisition 50%
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