SINGAPORE / CHINA – 9 October 2023 – BW Water Pte. Ltd. (“BW Water”), a joint-venture of BW Group Limited, has completed the full acquisition of US-based SafBon Water Technology, Inc (“SWT”) from SafBon Water Service (Holding), Inc., Shanghai.
SafBon Water Technology, Inc. (formerly Doosan Hydro Technology and American Engineering Services Inc.) is headquartered in Tampa, Florida, USA and has a 35-year track record in desalination and integrated system solutions with membrane treatment technologies. The company is responsible for developing over 200 municipal and industrial installations worldwide. Recent large-scale desalination projects include the Desalcott Desalination Plant Expansions in Trinidad and Tobago, and the Gaza USAID Desalination Plant in the Gaza Strip, the largest RO membrane USA based PFAS treatment system presently being supplied for Brunswick County in North Carolina and also one of the world’s largest land-based Sulphate Removal System located in Saudi Arabia.
This is BW Water’s first strategic acquisition outside Asia – as part of its continued global expansion – unlocking new markets with desalination competencies in Asia and expanding its water and wastewater treatment solutions in Americas. Since its inception in 2019, BW Water has significantly increased its revenue, with a current order book of over US$100 million and a strong core business pipeline in Southeast Asia. Following its integration into BW Water, SWT will be rebranded under the BW Water brand.
Matthew White, CEO of BW Water says, “Water is a scarce resource, and desalination remains one of the most viable alternatives in certain countries. This acquisition represents an opportunity to expand our global presence, increase our footprint for industrial and municipal solution sales in the US and diversify into the desalination market. We welcome the team led by Alan Daza to BW Water.”
Alan Daza, CEO of SafBon Water Technology, Inc, says, “We are excited and proud to be part of BW Water and the global BW Group network. Our shared values unite us and I look forward to growing the business and celebrating our future achievements as a collaborative team.”
About BW Water
BW Water is a leading supplier of full-service water and wastewater solutions for the industrial and municipal markets established in 2017. Backed by a strong track record in turnkey solutions, BW Water provides competitive solutions from greenfield construction to system upgrades, operations and maintenance.
BW Water is a joint-venture of BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment. For more information about BW Water, please visit: https://www.bw-water.com/
For more information, please contact:
Anson Tan, Chief Financial Officer
+65 8721 5332