Siemens announced on March 3, 2008, that it has acquired the Singapore-based private limited Chemitreat Group to expand the water treatment business in South East Asia. Chemitreat will become part of Water Technologies, a business unit of Siemens' Industry Solutions division.
With sales of more than 25 million euro in 2007 and 240 employees, Chemitreat provides water treatment technologies and services in Singapore, Thailand, Malaysia, Philippines and China.
“Chemitreat has been a very respected player in our region for more than 30 years”, said Jagannath Rao, who oversees Siemens Water Technology’s business in Asia. “Chemitreat covers services from operations to maintenance for both industrial and municipal customers and holds technology expertise in key industrial applications including high purity water treatment”.
The acquisition is primarily about geographic expansion in South East Asia and allowing better market penetration.
“The market segment for water treatment equipment and services is growing by 7% to 9% a year in Asia”, Rao said, “and Chemitreat helps us to better address the growing water needs of industry and the public in this region”.
