News

Gradiant Acquires H+E Group, a Leading European Water Technology Company, to Amplify Semiconductor and Industrial Water Expertise

Oct 3, 2023

Gradiant, a global solutions provider for advanced water and wastewater treatment, today announced its acquisition of H+E Group (Hager+Elsasser), an established European water solutions provider with over 100 years experience in providing end-to-end solutions to advanced manufacturing.

This acquisition underscores Gradiant’s commitment to delivering leading-edge solutions for the semiconductor sector and represents the company’s first footprint in Europe.

By combining H+E Group’s domain expertise in semiconductor and industrial water with Gradiant’s broad suite of end-to-end water treatment solutions, Gradiant is in a prime position to deliver innovative and tailored solutions to address the unique challenges faced by semiconductor manufacturers. H+E Group’s long history and extensive 30,000 reference installations reflect its track record of successfully delivering high-quality water solutions. This acquisition allows Gradiant to leverage these achievements and further establish itself as a leader in water solutions for the global semiconductor and industrial water market.

‘We are thrilled to welcome H+E Group into the Gradiant family. This acquisition aligns with our strategic vision of becoming a comprehensive solutions provider for the semiconductor industry,’ said Prakash Govindan, COO of Gradiant. ‘H+E Group brings to Gradiant deep experience in ultrapure water and wastewater treatment for the semiconductor and advanced manufacturing sector and establishes a firm foundation in the EMEA region. This synergistic collaboration doesn’t just combine our strengths, it accelerates our ability to innovate and adeptly navigate the ever-changing needs of the global industrial water market.’

‘This is the right next step for H+E Group’s fast-growing industrial wastewater and ultrapure water business to be acquired by Gradiant,’ said Jennifer L. Wick, Co-Founder of Sustainable Growth Fund (SGF) I and SGF II and Chairman of the Board of Aquarion AG and Geschaftsfuhrer of H+E GmbH. ‘The acquisition enables the company to continue to grow at a rapid pace in many geographies including Asia, Middle East, and the United States, fueled by Gradiant’s global reach and differentiated technology portfolio.’

The announcement is part of a larger transaction where SGF I and II has sold a majority stake in Aquarion, a Swiss-based industrial water and wastewater treatment company that provides end-to-end solutions to the industrial sector, including semiconductor, energy, food & beverage, and pharmaceuticals.

The latest from our portfolio companies that are changing the world.

Safar Partners is committed to funding technological advances that create value.

 

Interested in partnering with us?

Contact Information

info@safar.partners

Safar Partners
One Broadway, 14th floor, 
Cambridge, MA 02142