# Gradiant acquires majority stake in Aquarion Group

Gradiant acquired a majority stake in Aquarion Group, a provider of wastewater treatment and water purification systems for the oil and gas and energy sectors. The terms were not disclosed.

- Type: Acquisition
- Announced: 2023-09-29
- Where: Baar, Switzerland, Switzerland
- Status: completed
- Products: wastewater treatment systems, water purification systems
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [H+E GmbH](https://endata.com/companies/6756.md) (target)
- [Aquarion Group](https://endata.com/companies/6757.md) (target)
- [Gradiant](https://endata.com/companies/9905.md) (acquirer)
- [H+E (Hager und Elsässer)](https://endata.com/companies/73314.md) (target)

## Sources

- [cbinsights.com](https://www.cbinsights.com/company/the-aquarion-group), 2023-09-29: "In Spetember 2023, Gradient acquired a majority stake in Aquarion Group."
- [businesswire.com](https://www.businesswire.com/news/home/20231002596134/en/Gradiant-Acquires-HE-Group-a-Leading-European-Water-Technology-Company-to-Amplify-Semiconductor-and-Industrial-Water-Expertise), 2023-10-02: "This acquisition underscores Gradiant's commitment to delivering leading-edge solutions for the semiconductor sector and represents the company's first footprint in Europe."
- [dww.show](https://dww.show/will-gradiant-succeed-with-he-where-suez-stulz-and-rena-failed/), 2023-10-28: "Gradiant just announced its acquisition of H+E (formerly Hager und Elsässer) – 51% first, but it should go up to 100% in the coming year."

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