# Josab signs MOU for China joint venture and investment

Josab Water Solutions AB signed a memorandum of understanding with Global Green Wisdom Investment Management (Beijing) and Beijing Wanfangcheng Technology to form a Chinese joint venture for exclusive licensing of Aqualite technology. The partners are negotiating a phased investment of about 230 million SEK over three years.

- Type: Partnership
- Announced: 2019-06-05
- Where: China
- Value: $24.0M (230.0M SEK)
- Status: announced
- Products: Aqualite water purification technology
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Josab Water Solutions AB](https://endata.com/companies/39944.md) (partner)
- [Global Green Wisdom Investment Management (Beijing)](https://endata.com/companies/39945.md) (partner)
- [Beijing Wanfangcheng Technology](https://endata.com/companies/39946.md) (partner)

## Sources

- [h2o-china.com](https://www.h2o-china.com/news/292708.html), 2019-06-12: "Signing this memorandum of understanding is an important milestone for Josab to restart its business development in China."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.