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Nalka-backed Uniwater announced on 14 August 2023 the acquisition of two Swedish companies: Aquasvea, a supplier of water and treatment plants, and IBAB, a company focused on assembly and manufacturing of prefabricated pipe systems. Aquasvea reported combined revenues of SEK 116.1 million in FY22-04.
Tanums kommun awarded Aquasvea a contract worth 7,191,400 SEK for the conversion of a wastewater treatment plant to a wastewater pump station in Fjällbacka, Sweden. The contract runs from January 2024 to September 2026.