Gradiant acquires CRS Water
Established in 1992, CRS Water specialises in the design, manufacture, installation, start-up, maintenance and rental of water and wastewater treatment plants. Gradiant will integrate its brine concentration product suite — including proprietary carrier gas extraction (CGE) and counter flow reverse osmosis (CFRO) technologies — with CRS Water’s engineering and execution capabilities to better serve regional clients across the seawater desalination, mining and energy sectors.
The acquisition will enable Gradiant to leverage its proprietary technologies and financing capabilities alongside CRS’s project delivery expertise, access to industrial customers and relationships with leading contractors, corporations and municipalities, facilitating access to Australia’s water market.
CRS Water Founder and Managing Director Bill Kelly will continue to lead the company for a two-year transitional period.
“CRS has an excellent track record, robust capabilities and strong customer relationships, making it an ideal platform for Gradiant to deploy our proprietary technologies to address unmet needs in the Australian water market,” Gradiant Co-founder and CEO Anurag Bajpayee said.
“Increase in freshwater recovery, reduction of harmful wastewater volume to zero or minimum liquid discharge (ZLD/MLD), combined with improved lifecycle economics for clients, will be key drivers of growth.”
CRS Water’s Bill Kelly added, “Having served the Australian market since 1992, CRS Water has been in a frontline position to observe developments that have created a critical need for effective and efficient desalination and brine management technologies.
“We are delighted at the opportunity to work together with Gradiant and are excited to deliver a world-leading water technology portfolio to Australian customers.”
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