Mumbai-based Rochem Separation Systems (I) Pvt Ltd (RSSIPL) through its group company Concord Enviro Systems Pvt Ltd (CESPL) has acquired 100% equity of Nagpur-based Reva Enviro Systems Private Limited (RESPL). The latter is a provider of comprehensive environmental engineering solutions by providing systems that help treat industrial and municipal effluent to extract energy rich gas. Among leading mid-market investment banking firms in India o3 Capital was the advisor to this deal.
Commenting on the acquisition of Reva Enviro, Prayas Goel, director, Rochem Separation Systems, said, "Reva Enviro has developed efficient designs for anaerobic and aerobic digestors and Rochem has cutting edge membrane technology. The two can be synergised to develop product offerings that could be path-breaking in segments such as sewage treatment. We expect to grow Reva Enviro’s business internationally by leveraging our well-established sales and support team in international markets."
Reva's key areas of operations include sewage treatment systems, water treatment for extraction of energy rich gas in industrial units, design of water supply and distribution systems. Apart from India, Reva has executed projects in Turkey, Tanzania and Nigeria in the past. Pursuing an active growth strategy the acquisition of Reva Enviro, according to Goel, is very much part of it.
Rochem along with its group companies has been involved in the business of development, manufacturing and installation of waste water treatment and reuse systems for more than 15 years. It has installed over 350 waste water treatment and recycle plants in India, Vietnam, Jordon, Philippines, Italy, Mexico, Australia, New Zealand and Sri Lanka based on its patented membrane based separation technology. Its key customer segments includes the defence forces – the army, navy and the coast guards to which it provides on-board and off shore desalination solutions and concentrated effluent generating industries such as distilleries, tanneries, pharmaceuticals, textiles, chemicals,
pulp and paper industry to which it provides effluent treatment and recycle solution.
Over the last five years, RSSIPL has developed unique membrane products through its own research and development and has patented membrane applications which promise to be key revenue drivers in the years to come. It has successfully targeted newer industry segments by offering products developed through its in-house research and development initiative. Among its clientele include names like the AB Mauri, Biocon, Cipla, Indian Navy, Jose Cuervo (Mexico), Jubilant Organsys, Lesaffre, Lupin, Morarjee Mills, ONGC, Radico, Raymonds, Sri Lankan Navy, United Breweries.