# Josab Water Solutions signs term sheet to acquire Clear Industry Co. Ltd.

Josab Water Solutions AB has signed a term sheet to acquire 100% of the shares in Clear Industry Co. Ltd., a Hong Kong holding company with subsidiaries in China focused on kitchen waste and industrial wastewater treatment. The purchase price is based on 10x guaranteed average annual profit over 24 months, potentially up to 125 million RMB.

- Type: Acquisition
- Announced: 2020-07-30
- Where: Hong Kong/China, China
- Value: $18.0M (125.0M CNY)
- Status: announced
- Products: kitchen waste treatment plants, industrial wastewater treatment systems
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Josab Water Solutions AB](https://endata.com/companies/39944.md) (acquirer)
- [Clear Industry Co. Ltd.](https://endata.com/companies/48982.md) (target)
- [Qingqin International Group Limited](https://endata.com/companies/48983.md) (partner)

## Sources

- [news.cision.com](https://news.cision.com/se/josab-water-solutions-ab--publ-/r/josab-signerar-ett-term-sheet-avseende-bolagsforvarv-i-hong-kong-kina,c3161680), 2020-07-30: "Efter en längre tids utvärdering av flertalet förvärvskandidater är vi glada över att ha fått möjlighet att förvärva miljöbolaget Clear Industry, främst verksamt inom den mycket expansiva kinesiska matavfallsindustrin."

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