Environmental management company BHSL has agreed to acquire water contractor Glan Agua.
Clean water and wastewater solutions specialist Glan Agua works with leading water utilities in the UK and Ireland and is a division of a Portuguese engineering and construction company Mota-Engil.
The acquisition will more than double BHSL’s revenues with plans for sales in 2022 of over £85m.
The combined businesses will have over 300 staff across the UK and Ireland with expansion of Glan Agua set to add a further 50 employees in the coming months.
The move expands its operations into adjacent water services and waste management activities.
BHSL currently provides technological and engineering solutions to the growing global waste market by simultaneously providing an alternative to waste disposal by converting waste to heat and electricity.
Glan Agua has a strong pipeline of new business opportunities in the water treatment, supply, and wastewater management sector for customers including Irish Water, Thames Water, Affinity Water, Yorkshire Water and local authorities across the UK and Ireland.
Denis Brosnan, Executive Chairman of BHSL said: “Glan Agua is an excellent fit for BHSL and the acquisition supports our strategy to expand as an environmental solutions business, focussed on extracting value from waste products, and supporting the circular economy.
“Glan Agua’s blue-chip client base in the UK and Ireland provides a strong platform for further expansion in the municipal water and waste sector. Our well supported fund raise provides us with the financial resources to support this acquisition and to drive our growth strategy.”
Karl Zimmerer, Managing Director of Glan Agua added: Joining with BHSL is an exciting step for the Glan Agua team, where we will become part of a rapidly growing business with a focus on the water and waste management industry in the UK and Ireland.
“Glan Agua has a proven track record of delivering for its customers through our 13 years in business, and we share BHSL’s commitment to innovation and helping our customers address environmental challenges safely, sustainably and responsibly, creating value with waste residue where possible.”
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