VA Tech WABAG has announced the signing of a non-binding term sheet to establish a new investment platform focused on municipal water infrastructure. The platform will invest up to $100 million in equity over the next 3-5 years, in partnership with a consortium of investors including Norway’s Norfund and two other international investors.
At 10.05 am today, the shares of VA Tech WABAG Limited were trading at ₹1,486.70, up by ₹102.80 or 7.43 per cent on the NSE. The Indian multinational water technology company will act as the technical partner for the platform, offering engineering, procurement, construction, and maintenance services. WABAG will also make a minority investment in the platform, in line with its asset-light strategy.
According to S. Varadarajan, Whole-time Director & Chief Growth Officer at WABAG, the partnership highlights their commitment to addressing global water challenges through advanced technology and expertise.
The new platform aims to leverage WABAG’s technical capabilities and the financial resources of its partners to accelerate sustainable water management solutions in the municipal sector. The company plans to provide further updates as definitive agreements are finalized.
With operations in over 25 countries and a team of more than 1,600 water professionals, WABAG has successfully built over 1,500 water and wastewater treatment plants globally.
The article was published on March 21, 2025.
