Hassan Allam acquires majority stake in German water treatment company
Hassan Allam Holding B.V. acquired a controlling stake in German water treatment firm Bioworks AG, a global player that designs and constructs extended aeration process of water treatment systems. The company has completed 120 projects in 25 countries around the world and has a strong footprint in the MENA region, Europe and the US. Bioworks will continue to manage the company’s operations following the acquisition. The cost of the acquisition was not disclosed.
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