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Germany's water tech firm SKion Water acquires 51% stake in Hyderabad-based Sanpure

IndianStartupNewsIndianStartupNews · 1y
Germany's water tech firm SKion Water acquires 51% stake in Hyderabad-based Sanpure

SKion Water GmbH, the watertech investment arm of Susanne Klatten's SKion GmbH, has acquired a majority stake in Sanpure Systems Pvt Ltd, a Hyderabad-based firm specializing in high purity water systems for the pharmaceutical and biopharmaceutical sectors. The acquisition, estimated at $9-10 million, allows SKion Water to leverage the strengths of both companies and expand its presence in the water and wastewater technology sector. Sanpure Systems offers custom-engineered solutions for high-purity water systems used in various industries, including pharmaceuticals, bio-pharmaceuticals, and semiconductors. The integration of Sanpure with SKion Water's solutions will help tap into export markets.

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