BOSTON - Saturday, 25. March 2023 AETOSWire
Acquisition Continues Gradiant’s Strategy to Broaden Service Offerings and Revenue Mix in the Middle East
(BUSINESS WIRE)--Gradiant, a global solutions provider for advanced water and wastewater treatment, today announced it has acquired Muscat Projects & Engineering Services (MPES), a leading full-service water and wastewater management company in Oman. This announcement follows Gradiant’s acquisition of Advanced Watertek in February, a major original equipment manufacturer (OEM) for membrane-based water and wastewater treatment systems.
In response to the region’s most severe drought in 900 years, nations and businesses in the Middle East are rapidly implementing water sustainability targets, building out new water and wastewater treatment capacity, and looking to alternative water supplies to meet growing demand – creating unprecedented opportunities in the region’s water and wastewater market. With the acquisition of MPES, Gradiant expands its full-service capabilities in the region, including deployment of the SmartOps plant performance optimization and asset management technology through O&M services.
"Gradiant excels at project delivery," said Prakash Govindan, COO of Gradiant. "We offer various business models, including design-build and design-build-operate (DBO), to meet our clients' unique requirements. With DBO projects, we transfer the responsibility of multiple parties to a single entity, Gradiant, which promotes innovation and efficiency, leading to lower total water costs. The acquisitions of MPES and Advanced Watertek create an integrated platform for Gradiant to deliver best-in-class offerings into the Middle East. We will extend MPES's core expertise and resources in O&M services to Gradiant's existing and new facilities in the region, diversifying our revenue mix to a long-term recurring profile."
Founded in 2008, MPES delivers turnkey solutions for wastewater and solid waste management and specializes in the O&M of water and wastewater treatment plants. The company is now one of Oman’s leading wastewater management companies, with key clients including Haya Water, the Ministry of Defense, and Petroleum Development Oman.
“We look forward to integrating our expertise with Gradiant to expand the impact of our water and wastewater solutions,” said E.M. Badhrudeen, Managing Director of MPES. “We are fortunate that today, we are the leading O&M service provider in Oman, and by joining Gradiant, we will extend our operations know-how into projects across the Middle East region.”
Through its continually expanding portfolio, Gradiant is bringing together industry-leading water treatment solutions with the power of AI to sustainably solve the world’s most important water challenges.
About Gradiant
Gradiant is a global solutions provider for advanced water and wastewater treatment. With a full suite of differentiated and proprietary end-to-end solutions, powered by the top minds in water, Gradiant serves its clients' mission-critical operations in the world's essential industries. Gradiant was founded at the Massachusetts Institute of Technology (MIT) and is uniquely positioned to address the world's increasing challenges created by industrialization, population growth, and water stress. Today, with over 900 employees, Gradiant operates from its global headquarters in Boston, regional headquarters and Global Innovation Center in Singapore, and offices across fourteen countries. For more information, please visit https://www.gradiant.com.
About MPES
Muscat Projects & Environmental Services (MPES) is a leading full-service water and wastewater management company in Oman. The company is focused on the design, build, and operations of wastewater treatment plants. MPES was founded in 2008, based in Muscat, and today has over 320 employees. Clients include Haya Water, the Ministry of Defense, and Petroleum Development Oman. MPES is certified for ISO 9001, 14001, and 45001 standards. Visit https://www.mpesllc.com.
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Contacts
Corporate Contact:
Felix Wang
Gradiant, VP of Marketing
fwang@gradiant.com
