TAMPA, Fla., Sept. 25, 2018 /PRNewswire/ — AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-ServiceTM (“WAASTM”) solutions, announced today that it entered into an agreement with Abengoa Water Nungua, S.L.U. (“Abengoa”) to extend the long-stop date to December 31, 2018 on its pending acquisition of a majority interest in a desalination plant in Accra, Ghana. The long-stop date was previously September 30, 2018.
Doug Brown, Chairman and CEO of AquaVenture, commented: “We continue to make significant progress on this acquisition as we work towards a beneficial solution for all stakeholders involved. This extension demonstrates the commitment of all participants to complete this transaction. We look forward to becoming the long-term water partner to the Government of Ghana.”
AquaVenture is a multinational provider of WAAS™ solutions that provide customers a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts that minimize capital investment by the customer. AquaVenture is composed of two operating platforms: Quench, a U.S.-based provider of Point-of-Use, or POU, filtered water systems and related services to approximately 45,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.
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