China's Newater acquires Israeli water purification co AMS for $13.5M

Newater Technology Inc. announced it will acquire 100% of Israeli water filtration company AMS Technologies for $13.5 million. AMS develops chemically and thermally stable ultrafiltration and nano-filtration membranes for wastewater treatment.

“By acquiring a company with a leading international membrane materials manufacturing and development technology, Chinese companies have the opportunity to catch up with globally leading companies in membrane materials technology.”en.globes.co.il

• 1 source
• en.globes.co.ilChina's Newater buys Israeli water purification co AMS - GlobesGlobes correspondentMar 12, 2018

Summarized from public sources; check the original articles before acting on it.