imported>Cewbot: Fix broken anchor: 2015-09-26 #Processes for drinking water treatment→Water treatment#Processes

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Fix broken anchor: 2015-09-26 #Processes for drinking water treatment→Water treatment#Processes

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{{short description|Indian water treatment company}}
{{EngvarB|date=January 2014}}
{{Use dmy dates|date=January 2014}}
{{Infobox company
| name = VA Tech Wabag Ltd
| logo = Wabag logo.svg
| logo_size = 225px
| type = [[Public limited company]]
| foundation = 1924
| founder = Max Reder
| location = [[Chennai, India]]
| key_people = Rajiv Mittal, MD & Group CEO
| revenue = {{profit}}{{INRConvert|25.6|b}} (2020){{Citation needed|date=March 2020}}
| net_income = {{profit}} {{INRConvert|0.91|b}} (2020){{Citation needed|date=March 2020}}
| industry = [[Water treatment|Water]] and [[Sewage treatment|Waste-water Treatment]]
| services = Engineering Procurement Construction & Commissioning [EPCC], Operation and maintenance [O&M]
| products = <div>
*[[Water treatment#Processes|Drinking water treatment]]
*[[Water treatment|Industrial and process water treatment]]
*[[Desalination|Sea and brackish water desalination]]
*[[Sewage treatment|Municipal wastewater treatment]]
*[[Sewage treatment|Industrial wastewater treatment]]
*[[Sludge treatment]]
</div>
| subsid = <div>
*Wabag Austria
*Wabag Switzerland
*Wabag Czech Republic
*Wabag Romania
*Wabag Tunisia
*Wabag Turkey
*Wabag Muscat
*Wabag Bahrain
*Wabag Qatar
*Wabag Saudi Arabia
*Wabag Philippines
*Wabag Singapore
*Wabag Nepal
*Wabag Srilanka
</div>
| parent = VA Tech Wabag, [[Chennai]]
| homepage = [http://www.wabag.com wabag.com]
}}

'''VA Tech Wabag Ltd.''' is an Indian [[multinational company]] with headquarters in [[Chennai, India]]. Founded in [[Breslau]] in 1924,<ref name=Indiamart/> the company is focussed on [[water treatment]] for municipal and industrial users. The company has completed more than 6000 projects and is present across more than 30 countries.{{Citation needed|date=February 2016}}.

==History==
===Wabag===
In 1924, Max Reder started Wabag Wasserfilter-Bau in [[Wroclaw|Breslau, Germany]]. [[Deutsche Babcock]] became majority shareholder of Wabag in 1973 and eventually took over the entire company.<ref name=Indiamart/>

Julius Overhoff's water treatment company, founded in 1930, became part of Austrian [[Simmering-Graz-Pauker]] (SGP) AG in 1987{{Citation needed|date=February 2016}}.

In 1989, SGP's Energy and Environmental Technology Division and VA Finalindustrie merged, becoming SGP VA Energie- und Umwelttechnik, which merged in 1992 with Environmental Technology Division of [[Waagner Biro]] AG to form Austrian Energy & Environment SGP/Waagner Biro GmbH, the biggest energy firm in Austria. In 1996, Austrian Energy bought [[Tetra Industrietechnik]] and the environmental business of [[Sulzer (manufacturer)|Sulzer Chemtech AG]], and in 1997, Austrian Energy bought the [[reverse osmosis]] [[desalinization]] unit of Elin Energieversorgung and 70 percent of the shares of [[Puraqua]] shares from [[Energie Steirmark]]. VA Tech/Austrian Energy bought the remaining 30 percent of Puraqua in 1999{{Citation needed|date=February 2016}}.

During the 1990s, Wabag [[Kulmbach]] started a [[Leipzig]] subsidiary, purchased [[Water Engineering, Ltd.]], a British company, and the [[Belgian]] company [[STEP (company)|STEP]] including a Tunisia branch, and bought an interest in [[AEW ESMIL]]. Also in the 1990s, Wabag added [[Salzburg]] and [[Brno]] branches.<ref name=Indiamart/>

===VA Tech Wabag===
In 1999, [[VA Technologie]] acquired the Wabag Group of Deutsche Babcock, taking over that company's water business. With this purchase, Austrian Energy & Environment became VA Tech Wabag GmbH. VA Tech Wabag Ltd. was formed in 2000, after the [[Madras High Court]] approved separating the operations other than water from Balcke Dürr & Wabag Technologies Ltd., whose India operations began in 1995.<ref name=Indiamart/><ref name=IPO/><ref>{{cite news|url=http://www.thehindubusinessline.com/businessline/2000/04/15/stories/021518kb.htm|title=Va Tech Wabag sets up engg centre in Chennai|work=Business Line|date=15 April 2000|access-date=25 May 2010}}</ref>

On 14 July 2005, The [[EU Commission]] approved an offer by [[Siemens|Siemens AG Österreich]] for 97.15 of VA Technologie AG for about one billion [[euro]]s{{Citation needed|date=February 2016}}.

In 2004, the metallurgy, power transmission and distribution and infrastructure units, which became part of Siemens, totalled 3 billion euros. These units, employing about 13,000, added to Siemens' significant presence in Austria. The acquisition gave Siemens potential growth in Eastern Europe{{Citation needed|date=February 2016}}.

VAI became part of the Siemens Industrial Solutions and Services Group (I&S), headquartered in [[Erlangen, Germany]], though the VAI unit would operate separately with a [[Linz, Austria]] headquarters. VAI had dealt with technical solutions for building plants for iron, steel and aluminum, while Siemens made electrotechnical equipment. Both areas would be in one company as a result of the merger{{Citation needed|date=February 2016}}.

The VA Tech power transmission and distribution unit became part of the Siemens Power Transmission and Distribution Group, headquartered in Erlangen.

The infrastructure business (VA Tech Elin EBG and ai informatics) made Siemens "the largest Austrian provider of electrotechnical equipment, systems and services for industry, building and communal infrastructure, and for IT services".

A [[squeeze out]] was planned, with VA Tech being [[Delisting (stock)|delisted]].

Because of [[antitrust]] concerns, Siemens had to sell VA Tech's power generation unit, which had 2004 sales of 900 million euros and about 3000 employees.<ref name=Azom>{{cite web|url=http://www.azom.com/News.asp?NewsID=3506|title=EU Commission Approves Siemens’ Acquisition of VA Tech|publisher=AZoM|date=14 July 2005|access-date=25 May 2010}}</ref> [[Andritz AG]] bought the [[hydroelectric power]] division in 2006 for an estimated 200 million euros. The VA Tech Hydro unit changed its name to Andritz VA Tech Hydro GmbH and became a subsidiary of Andritz AG.<ref>{{cite web|url=http://www.aquamedia.at/templates/index.cfm/id/19273|title=Andritz AG Acquires VA TECH Hydro|publisher=Aquamedia|access-date=7 September 2010|archive-url=https://web.archive.org/web/20110706090047/http://www.aquamedia.at/templates/index.cfm/id/19273|archive-date=6 July 2011|url-status=dead|df=dmy-all}}</ref><ref>{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=5898742|title=Andritz VA Tech Hydro GmbH|publisher=Business Week|access-date=7 September 2010}}</ref>
Also in 2005, Rajiv Mittal headed a management group along with [[ICICI Bank|ICICI Venture]] bought out the Chennai, India-based VA Tech India, a VA Tech Wabag GmbH subsidiary started in 1996. In 2007, VA Tech reverse acquired India acquired the erstwhile Austrian parent from Siemens for about $100 million.<ref>{{cite news|url=http://www.financialexpress.com/news/goldman-icici-venture-plan-to-exit-investment-portfolios/447367/|title=Goldman, ICICI Venture plan to exit investment portfolios|last=Balakrishnan|first=Reghu|work=[[The Financial Express (India)|The Financial Express]]|date=16 April 2009|access-date=25 May 2010}}</ref><ref>{{cite news|url=http://www.business-standard.com/india/storypage.php?autono=299398|title=PE firm in first foreign deal|last=Das Gupta|first=Surajeet|work=[[Business Standard]]|date=27 September 2007|access-date=25 May 2010}}</ref> The deal was completed 6 November 2007.<ref name=prospectus/>

In 2008, Wabag Water Services SRL in [[Ploiești, Romania]] and Wabag Water Services Limited in [[Macao]] were incorporated.<ref name=Indiamart>{{cite web |url=http://www.wabag.com/the-company/history/ |title=History |publisher=Wabag |access-date=18 July 2017}}</ref><ref name=prospectus>{{cite web|url=http://www.sebi.gov.in/dp/vatechdraft.pdf|title=Draft Red Herring Prospectus|publisher=[[Securities and Exchange Board of India|Sebi]]|date=12 May 2010|access-date=25 May 2010}}</ref>

In 2009, Mittal's management team owned 38 percent, and ICICI owned 31 percent, of VA Tech Wabag. The company incorporated a China subsidiary.<ref>{{cite news|url=http://economictimes.indiatimes.com/articleshow/5020559.cms|title=VA Tech Wabag to raise Rs 500 cr, IPO likely in 2010|work=[[The Economic Times]]|date=17 September 2009|access-date=25 May 2010}}</ref>

In 2010, Va Tech Wabag was listed in the Indian Stock Exchanges - National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).<ref name=IPO>{{cite news|url=http://articles.economictimes.indiatimes.com/2010-10-13/news/27587278_1_handsome-debut-va-tech-wabag-water-treatment/|title=Handsome debut for VA Tech Wabag; zooms 30 pc on BSE listing|work=[[The Economic Times]]|date=13 October 2010|access-date=1 May 2015}}</ref>

==References==
{{Reflist}}

==External links==
* [http://www.wabag.com Company website]

{{Chennai topics}}

{{DEFAULTSORT:Va Tech Wabag}}
[[Category:Construction and civil engineering companies of Austria]]
[[Category:Companies based in Chennai]]
[[Category:Construction and civil engineering companies established in 1924]]
[[Category:Construction and civil engineering companies of India]]
[[Category:Indian companies established in 1924]]
[[Category:German companies established in 1924]]

VA Tech Wabag - Revision history

imported>Cewbot: Fix broken anchor: 2015-09-26 #Processes for drinking water treatment→Water treatment#Processes