OXFORD, United Kingdom – Amane Advisors, the premier global consultancy and advisory focused on the water industry, has served as the exclusive advisor to German specialty chemicals company LANXESS in the sale of its reverse osmosis membrane business to SUEZ, a world leader in sustainable resource management.
LANXESS continues to develop its portfolio and is reorganizing its water treatment technologies business to focus on its global business in ion exchange resins, primarily in markets for high-end applications. The sale of its reverse osmosis membrane business to SUEZ is part of this realignment. The membranes, which play an important role in the treatment of brackish and seawater, are being manufactured by LANXESS at its site in Bitterfeld, Germany. As part of the transaction, which is expected to be completed by the end of 2020, SUEZ will take over this plant and the affiliated research facilities with all employees. The purchase price is not being disclosed.
“The membrane business no longer fits in with our strategic focus on specialty chemicals,” said Matthias Zachert, Chairman of the Board of Management of LANXESS. “We are convinced that under the SUEZ umbrella, the business has the necessary conditions to develop its full growth potential in the future.”
Amane Advisors acted as exclusive sell-side advisors to LANXESS. The firm has deep experience in mergers & acquisitions for the water sector, advising clients in the conception and completion of both buy-side and sell-side M&A transactions.
Geoff Gage, Amane Advisors Managing Partner leading the engagement, shared: “We were delighted to bring Amane’s extensive knowledge and networks in the global water industry, along with specific transaction expertise, to help LANXESS and SUEZ – two major water companies – to further their growth plans.”
About Amane Advisors
Amane Advisors is a global advisory firm dedicated to the water industry bringing services to its clients on all matters relating to their growth. Its clients range from multinationals, institutions and investors, to innovative start-ups and technology companies. Services include Strategy, Market Intelligence, Commercialization, Mergers & Acquisitions, PPP Advisory and Digital Transformation. To learn more, visit www.amaneadvisors.com.
LANXESS is a leading specialty chemicals company with sales of EUR 6.8 billion in 2019. The company currently has about 14,300 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.