Tag / uem
Toshiba Corporation Acquires Majority Stake in UEM India as a Strategic Platform to Grow Its Water Management Business -- Acquires Additional 54% Stake from Founders and India Value Fund Advisors (IVFA) --
Press Releases • Sep 16, 2015 04:00 GMT
In a strategic move to strengthen its Water and Waste-water Management business in India and neighboring countries, Toshiba Corporation today announced acquisition of a majority stake in UEM India Private Limited (UEM), an international water services company, from the Founders and IVFA. Toshiba acquired additional 54% stake today to become the majority owner with 80% shareholding in UEM.