· Landmark deal in waste management sector
· Deal will further capacity to tap business potential created by the government's Swachh Bharat and smart city programmes
India, 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. Sujay Kalele, 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.
About Aspirify Energy
Aspirify Energy Pvt. Ltd (AEPL) is a start-up founded by industry veterans Sujay Kalele and Srichand Aswani. It is focused on finding innovative, sustainable & inclusive solutions for solid & liquid waste. Aspirify Energy strives to work with all stakeholders like Municipal Corporations, Industrial Clusters, Housing Societies & other authorities to implement cutting edge solutions. AEPL’s first breakthrough happened in July 2016 when AEPL entered into a 30 year concession agreement with Pune Municipal Corporation to develop a 500TPD Municipal Solid Waste to Energy plant on BOOT basis. Once fully operational, this will be treating almost 30% of the daily waste Pune city generates.
About G.E.T Waters Solutions
A portfolio company of ClearWater Capital PE fund. G.E.T. Waters is an established name in the LW space with more than 16years experience and over 2500 satisfied marquee clients like Coca-cola etc. It is also one of the few companies which specialises in Zero liquid discharge