VA Tech Wabag Ltd. is an Indian
multinational company with headquarters in
Chennai, India
Chennai (, ), formerly known as Madras (List of renamed Indian cities and states#Tamil Nadu, the official name until 1996), is the capital city of Tamil Nadu, the southernmost states and territories of India, Indian state. The largest city ...
. Founded in
Breslau in 1924,
[ the company is focussed on ]desalination
Desalination is a process that takes away mineral components from saline water. More generally, desalination refers to the removal of salts and minerals from a target substance, as in Soil salinity control, soil desalination, which is an issue f ...
and water treatment
Water treatment is any process that improves the Water quality, quality of water to make it appropriate for a specific end-use. The end use may be drinking water, drinking, industrial water supply, irrigation, river flow maintenance, water recrea ...
for municipal and industrial users. The company has completed more than 6000 projects and is present across more than 30 countries..
History
Wabag
In 1924, Max Reder started Wabag Wasserfilter-Bau in Breslau, Germany. Deutsche Babcock became majority shareholder of Wabag in 1973 and eventually took over the entire company.[
Julius Overhoff's water treatment company, founded in 1930, became part of Austrian ]Simmering-Graz-Pauker
Simmering-Graz-Pauker AG (SGP), founded as Simmering-Graz-Pauker AG für Maschinen-, Kessel- und Waggonbau, was an important Austrian machine and engine factory, manufacturing: machinery, boilers and rail vehicles. It was established in 1941 thr ...
(SGP) AG in 1987.
In 1989, SGP's Energy and Environmental Technology Division and VA Finalindustrie merged, becoming SGP VA Energie- und Umwelttechnik, which merged in 1992 with Environmental Technology Division of Waagner Biro
Waagner Biro is a Vienna-based group of companies formerly part of the same group which have developed into separately owned, independent companies operating in steel and mechanical engineering. Collectively, the companies have about 1000 employees ...
AG to form Austrian Energy & Environment SGP/Waagner Biro GmbH, the biggest energy firm in Austria. In 1996, Austrian Energy bought Tetra Industrietechnik and the environmental business of Sulzer Chemtech AG, and in 1997, Austrian Energy bought the reverse osmosis
Reverse osmosis (RO) is a water purification process that uses a partially permeable membrane to separate ions, unwanted molecules and larger particles from drinking water. In reverse osmosis, an applied pressure is used to overcome osmotic pre ...
desalinization unit of Elin Energieversorgung and 70 percent of the shares of Puraqua shares from Energie Steirmark. VA Tech/Austrian Energy bought the remaining 30 percent of Puraqua in 1999.
During the 1990s, Wabag Kulmbach
Kulmbach () is the capital of the district of Kulmbach in Bavaria in Germany. The town is famous for Plassenburg Castle, which houses the largest tin soldier museum in the world, and for its sausages, or ''Bratwürste''.
Geography
Location
Ku ...
started a Leipzig
Leipzig ( , ; Upper Saxon: ) is the most populous city in the German state of Saxony. Leipzig's population of 605,407 inhabitants (1.1 million in the larger urban zone) as of 2021 places the city as Germany's eighth most populous, as wel ...
subsidiary, purchased Water Engineering, Ltd., a British company, and the Belgian company STEP
Step(s) or STEP may refer to:
Common meanings
* Stairs#Step, Steps, making a staircase
* Walking
* Dance move
* Military step, or march
** Marching
Arts Films and television
* Steps (TV series), ''Steps'' (TV series), Hong Kong
* Step (film), ' ...
including a Tunisia branch, and bought an interest in AEW ESMIL AEW or aew may refer to:
* Airborne early warning, airborne radar system for detecting aircraft
* Aerosvit Airlines, an airline based in Kyiv, Ukraine (ICAO airline designator: AEW)
* AEW Capital Management, a property investment management company
...
. Also in the 1990s, Wabag added Salzburg
Salzburg (, ; literally "Salt-Castle"; bar, Soizbuag, label=Bavarian language, Austro-Bavarian) is the List of cities and towns in Austria, fourth-largest city in Austria. In 2020, it had a population of 156,872.
The town is on the site of the ...
and Brno
Brno ( , ; german: Brünn ) is a city in the South Moravian Region of the Czech Republic. Located at the confluence of the Svitava and Svratka rivers, Brno has about 380,000 inhabitants, making it the second-largest city in the Czech Republic ...
branches.[
]
VA Tech Wabag
In 1999, VA Technologie
Primetals Technologies Limited, is an engineering and plant construction company headquartered in London, United Kingdom, with numerous locations worldwide. It serves clients in the metals industry, both the ferrous and the nonferrous metals sec ...
acquired the Wabag Group of Deutsche Babcock, taking over that company's water business. With this purchase, Austrian Energy & Environment became VA Tech Wabag GmbH. VA Tech Wabag Ltd. was formed in 2000, after the Madras High Court
The Madras High Court is a High Court in India. It has appellate jurisdiction over the state of Tamil Nadu and the union territory of Puducherry. It is located in Chennai, and is the third oldest high court of India after the Calcutta High C ...
approved separating the operations other than water from Balcke Dürr & Wabag Technologies Ltd., whose India operations began in 1995.[
On 14 July 2005, The ]EU Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
approved an offer by Siemens AG Österreich for 97.15 of VA Technologie AG for about one billion euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
s.
In 2004, the metallurgy, power transmission and distribution and infrastructure units, which became part of Siemens, totalled 3 billion euros. These units, employing about 13,000, added to Siemens' significant presence in Austria. The acquisition gave Siemens potential growth in Eastern Europe.
VAI became part of the Siemens Industrial Solutions and Services Group (I&S), headquartered in Erlangen, Germany
Erlangen (; East Franconian: ''Erlang'', Bavarian: ''Erlanga'') is a Middle Franconian city in Bavaria, Germany. It is the seat of the administrative district Erlangen-Höchstadt (former administrative district Erlangen), and with 116,062 inhabi ...
, though the VAI unit would operate separately with a Linz, Austria
Linz ( , ; cs, Linec) is the capital of Upper Austria and third-largest city in Austria. In the north of the country, it is on the Danube south of the Czech border. In 2018, the population was 204,846.
In 2009, it was a European Capital of ...
headquarters. VAI had dealt with technical solutions for building plants for iron, steel and aluminum, while Siemens made electrotechnical equipment. Both areas would be in one company as a result of the merger.
The VA Tech power transmission and distribution unit became part of the Siemens Power Transmission and Distribution Group, headquartered in Erlangen.
The infrastructure business (VA Tech Elin EBG and ai informatics) made Siemens "the largest Austrian provider of electrotechnical equipment, systems and services for industry, building and communal infrastructure, and for IT services".
A squeeze out
A squeeze-out or squeezeout, sometimes synonymous with '' freeze-out'', is the compulsory sale of the shares of minority shareholders of a joint-stock company for which they receive a fair cash compensation.
This technique allows one or more share ...
was planned, with VA Tech being delisted
In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are officially traded on a stock exchange. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, sub ...
.
Because of antitrust
Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust l ...
concerns, Siemens had to sell VA Tech's power generation unit, which had 2004 sales of 900 million euros and about 3000 employees.[
In 2008, Wabag Water Services SRL in Ploiești, Romania and Wabag Water Services Limited in ]Macao
Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...
were incorporated.
References
External links
Company website
{{DEFAULTSORT:Va Tech Wabag
Construction and civil engineering companies of Austria
Companies based in Chennai
Construction and civil engineering companies established in 1924
Construction and civil engineering companies of India
Indian companies established in 1924
German companies established in 1924
Indian companies established in 1995