Arnhem, the Netherlands, October 31, 2006 — Akzo Nobel has agreed to sell its MPP Systems® business to Veolia Water Solutions & Technologies—part of the water division of French company Veolia Environnement. Financial details have not been disclosed.
Based in Arnhem, the Netherlands, MPP Systems specializes in developing, marketing, manufacturing and servicing water purification systems for onshore and offshore use, based on Macro Porous Polymers. Sales in 2005 totaled around EUR 5 million.
“This is a good strategic deal for all concerned which will see MPP Systems become part of the world’s leading water and process water services company,” said Dick Meijer, General Manager of MPP Systems. “The separation technology we have developed has proved itself to be highly effective and the prospects for the future will be further enhanced at Veolia, where solutions and technologies for water treatment are core business.”
MPP Systems has supplied Macro Porous Polymer Extraction (MPPE) water treatment units to multinational companies such as Total, Shell, Albemarle, Statoil and Gaz de France, and recently provided a MPPE unit to Hydro for the prestigious Ormen Lange gas field project in the Norwegian Sea. MPPE units are also involved in major groundwater remediation projects such as in Schwarze Pumpe (Germany) under the management of the Lausitzer und Mitteldeutsche Bergbau-Verwaltungsgesellschaft mbH.
A subsidiary of Veolia Water, Veolia Water Solutions & Technologies (VWS), is the world leader in engineering, design, project management and execution of construction projects for turnkey facilities and water treatment plants.
Paul Capell, Chairman of VWS Westgarth Ltd and the executive responsible for leading this deal on behalf of Veolia, said: “VWS are looking to further develop their capability in waste water treatment, and more specifically in produced water treatment. We are excited about the acquisition of MPP as it brings some great technology and great people, and I am sure that the business will prosper under VWS.”
Unions and employee representative bodies have been informed. Regulatory approvals will be sought as and where appropriate.
Closing of the deal is expected to take place in the fourth quarter of 2006.