SINGAPORE / GERMANY – 7 November 2023 – BW Water Pte has successfully completed the acquisition of the business of H+E Pharma GmbH and S-Tec GmbH along with the business premises in Klipphausen near Dresden through an asset deal (collectively “S-Tec Facility”) This acquisition further strengthens BW Water’s European presence and capabilities S-Tec Facility is an established plant manufacturer founded in 2006 with a proven track record in fabrication S-Tec Facility provides assembly services for water treatment systems and builds customised plants for diverse industries The S-Tec Facility premises comprise a state-of-the-art production facility and offices spanning over 2,800m2 equipped with a modern machinery and tool park S-Tec Facility has realised over 600 projects most of them in the semiconductor industry with its focus on the life science industry has a considerable number of over 100 references with well-known customers in this sector BW Water has significantly increased its revenue with a current order book of over US$100 million and a strong core business pipeline in Southeast Asia S-Tec Facility will be rebranded under the BW Water brand The acquisition of S-Tec Facility marks BW Water’s continued global expansion on the back of BW Water’s first strategic acquisition last month with SafBon Water Technologies Inc in USA to expand its water and wastewater treatment solutions with desalination competencies MD of BW Water GmbH and COO of BW Water shared “Dresden is an important centre for investment in Europe’s semiconductor industry S-Tec has built a sterling reputation in this industry with almost 20 years of experience BW Water will expand beyond offering onsite services into offering a full range of services as a full-service provider especially for demanding sectors such as the semiconductor industry.” “The strategic asset acquisition of S-Tec Facility will strengthen BW Water’s presence in Europe and reinforce our global presence as a full-service water treatment solutions provider for new markets Combined with our recent acquisition of SafBon Water Technology Inc USA these collectively unlock synergy within the group empowering us to provide comprehensive water and wastewater solutions across the entire water value-chain for various industries particularly the pharmaceutical and semiconductor industries We are focused on enhancing value for our customers with innovative solutions for a sustainable tomorrow.” BW Water is a leading supplier of full-service water and wastewater solutions for the industrial and municipal markets established in 2017 Backed by a strong track record in turnkey solutions BW Water provides competitive solutions from greenfield construction to system upgrades Anson Tan, Chief Financial Officer+65 8721 5332[email protected] Personal Data Protection Policy · Cookie Policy Site developed by     Copyright © Yedioth Internet and receive alerts when they’re in the news Proactive financial news and online 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automation and software tools all content published by Proactive is edited and authored by humans in line with best practice in regard to content production and search engine optimisation Sirius Real Estate Limited (LSE:SRE, JSE:SRE, OTC:SRRLF) has notarised the €13.75 million (£11.73 million) acquisition of a German business park in Klipphausen Both are being funded from the proceeds of last November's €165 million capital raise The deal represents the third asset to be acquired by Sirius in Germany this calendar year and the sixth asset to be acquired across both Germany and the UK in recent months Sirius acquired the site from a corporate owner-occupier that plans to vacate the building which is expected to be six months after deal completion To allow a smooth departure from the property Sirius has granted the vendor a six-month lease which can be extended by two months at its option in return for a rent of €200,000 per month which comprises approximately 17,700 square metres of modern primarily light industrial and production space An expansion of the park is planned through the development of the adjacent 10,000 sqm land parcel that forms part of the acquisition It sits within a highly desirable micro-location in the economically important ‘Silicon Saxony’ a registered industry association of nearly 300 SME businesses and benefits from good transport networks and connectivity "This acquisition presents the company with a strong value-add opportunity to grow income and value through our operating platform,” said Andrew Coombs “We are encouraged that we already have multiple parties who have expressed leasing interest in the business park representing in aggregate more than the entire space available the adjacent land parcel offers significant development potential in an area benefiting from extremely high occupier demand for light industrial affordable assets in out-of-town locations.” Sirius has now committed to over €90 million of acquisitions last November and is in advanced discussions on a further €60 million of additional opportunities Sign up to receive alerts and news direct to your inbox Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom” is registered in England with the Company Registration number 05639690. Group VAT registration number 872070825. You can contact us here Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use A business park in the heart of Gloucestershire is to be sold in a deal worth almost £50m an owner and operator of branded business and industrial parks in Germany and the UK has exchanged contracts on the acquisition of Vantage Point Business Village – the former home of the Rank Xerox factory The company is acquiring the  multi-let business park for a total acquisition cost of £48.25m The acquisition has been made using the proceeds of the company’s £147 million capital raise The acquisition represents the first asset in the UK and the fourth asset in total acquired by Sirius this calendar year following the purchases of business and industrial parks in Köln Göppingen and Klipphausen for approximately €53.75m Sirius will add more than 1.5 million sq ft of space to its BizSpace portfolio of which over 1 million sq ft is industrial space The 60-acre business park at Mitcheldean was known first for manufacturing Rank projection equipment then as Rank Xerox’s manufacturing hub between 1961 and 2003 It is 81% occupied and offers a mixture of warehouse conventional and serviced office space to over 70 companies across 119 units Sirius has identified a number of opportunities to drive value by utilising its asset management platform to improve occupancy The total acquisition cost includes a £1.25m deferred element which is conditional on certain events taking place within nine months of completion Sirius has also acquired a PV solar business from the vendor which currently supplies most of the electricity to the site from panels installed on certain buildings providing energy security and an attractive income stream Situated in a highly desirable location on the edge of The Forest of Dean and close to a number of major cities including Bristol to the South Gloucester to the East and Cardiff to the South West the park benefits from good transport networks and connectivity to the national motorway network via the A40 and M50 including Gloucester Barnwood and Gloucester Morelands will enable the company to leverage operational synergies alongside its local market expertise.