# Sulzer becomes majority owner of Owatec Group

Swiss listed company Sulzer AG agreed to become majority owner of Finnish water and environmental company Owatec Group Oy. Partnera's associate Nordic Option and other minority investors exit, while Owatec key personnel remain as significant minority shareholders.

- Type: Acquisition
- Announced: 2024-06-25
- Where: Oulu, Finland, Finland
- Status: announced
- Products: industrial wastewater treatment, sludge management solutions
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Sulzer](https://endata.com/companies/308.md) (acquirer)
- [Owatec](https://endata.com/companies/75407.md) (target)

## Sources

- [partnera.fi](https://www.partnera.fi/uutiset/sulzer-enemmistoomistajaksi-owateciin.html), 2024-06-25: "Yrityskaupan tavoitteena on edistää jätevedenkäsittely- ja lietteenhallintaratkaisujen kaupallistamista ja käyttöönottoa kansainvälisesti."
- [owatec.fi](https://www.owatec.fi/en/blog/press-release-owatec-a-sulzer-brand/), 2024-06-25: "The partnership will drive the development, commercialization and adoption of advanced, fully integrated solutions for wastewater processing and sludge management."

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