Aspirify Energy Acquires G.E.T. Water Solutions
Mumbai, February 10th, 2017: In a first of its kind deal in the waste management sector, start up waste to energy management solutions provider Aspirify Energy Pvt. Ltd. has acquired Clear Water owned G.E.T. Water Solutions; a certified water treatment business. This deal will further fuel Aspirify’s capacity to tap business potential created by the government’s Swachh Bharat and Smart City programmes. Aspirify will further look at investments to the tune of $3-5 million into the growth and capacity expansion of the company.
Aspirify Energy provides extensive services and sustainable solutions in waste to energy, solar power and resource re-generation and with this acquisition it will complement its strength by adding a successful upstream capability to the company’s portfolio. G.E.T. Water Solutions is a prominent name in South India for industrial waste management treatment business with revenue of $3 million last year. The company also specializes in Zero liquid discharge.
Mr. SujayKalele, Founder, Aspirify Energy India, said, “This acquisition of G.E.T. reaffirms the company’s commitment to expand its capabilities and service offerings to support the waste management segment sector. With this, Aspirify Energy will be well positioned to take advantage of the emerging business opportunities under various initiatives like Smart City Programme, Swacch Bharat Abhiyan, and Clean Ganga Missions. The combined business will provide expertise in the waste to energy, and wastewater projects by playing a dual role of not just utilising the waste but also generating energy with it. We will continue to explore such projects and thus provide better sustainable solutions nationwide.”
The acquisition will provide complete solution for waste to energy and wastewater related projects. Aspirify Energy is building Maharashtra’s biggest MSW (Municipal Solid Waste) to process 500 TPD to generate 4 to 5 MW of energy. G.E.T.’s highly experienced technical team and efficient service back up will enhance Aspirify Energy’s various waste to energy projects.
