Trility acquires Hydramet

Water utility service provider Trility has entered into an agreement to acquire water treatment company Hydramet as part of its strategic expansion into the resources, public infrastructure and industrial sectors. The purchase is predicted to have an immediate positive effect on Trility’s earnings and will strengthen its water utility credentials. Trility anticipates achieving financial close in early April 2012.

Hydramet is a medium-sized enterprise established in 1989. It has significant market share in its core business of delivering and installing equipment and systems for chlorination, water treatment and chemical metering.

Hydramet operates in Western Australia, South Australia, NSW, Tasmania, Northern Territory and Victoria. It will now operate as an individual entity under Trility ownership.

Hydramet currently provides services for design, supply, installation, training, maintenance and support. The company also offers annual or long-term maintenance and servicing contracts on all of its water treatment systems. This enables immediate synergies with existing Trility operations, resulting in enhanced service delivery.

Trility holds significant market share in the municipal market for the design, construction and operation of water and wastewater treatment plants. The acquisition immediately opens a range of growth opportunities in new markets including resources and mining, food and beverage, wider industrial and public infrastructure.