WEC Projects acquires IWC, South Africa

July 13, 2016

WEC Projects, a contractor specialising in turnkey water and wastewater treatment solutions in South Africa, has acquired a majority stake in cooling tower andindustrial cooling solutions specialist IndustrialWater Cooling.

IWC announced on Tuesday that the partnership was effective immediately and replaced private equity companyMedu Capital’s stake in IWC.

“I am very pleased to announce that we have a new businesspartner in WEC Projects. I am of the firm belief that in WEC we have found a like-minded business partner that understands the contracting environment in which we operate,” said IWC MD Roger Rusch. Source: Engineering News