SYDNEY, AUSTRALIA, 16 MARCH 2020 – Gradiant today announced its acquisition of Sydney based CRS Water Pty. Ltd, marking the company’s expansion into Australia.
The acquisition enables Gradiant to leverage its proprietary technologies and strong financing capabilities alongside CRS’s project delivery expertise, access to industrial customers, and relationships with leading contractors, corporations and municipalities, facilitating access to Australia’s burgeoning water market. Bill Kelly, the managing director and founder of CRS Water will continue to lead the company for a two-year transitional period.
Established in 1992, CRS Water is an engineering company specialising in the design, manufacture, installation, start-up, maintenance, and rental of water and wastewater treatment plants. CRS has built a strong reputation for high quality and on time project delivery across the Australian market. Gradiant will integrate its brine concentration product suite including proprietary Carrier Gas Extraction CGE™ and Counter Flow Reverse Osmosis CFRO™ technologies, with CRS Water’s engineering and execution capabilities to better serve regional clients across the seawater desalination, mining and energy sectors.
“CRS has an excellent track record, robust capabilities, and strong customer relationships making it an ideal platform for Gradiant to deploy our proprietary technologies to address unmet needs in the Australian water market. Increase in freshwater recovery, reduction of harmful wastewater volume to Zero or Minimum Liquid Discharge (ZLD/MLD), combined with improved lifecycle economics for clients will be key drivers of growth,” said Anurag Bajpayee, Co-Founder and CEO of Gradiant.
“Having served the Australian market since 1992, CRS Water has been in a frontline position to observe developments that have created a critical need for effective and efficient desalination and brine management technologies. We are delighted at the opportunity to work together with Gradiant and excited to deliver a world leading water technology portfolio to Australian customers,” said Bill Kelly, founder and Managing Director of CRS Water.
Gradiant is a leading global solutions provider and developer of cleantech water projects for advanced water and wastewater treatment. Gradiant’s robust, end-to-end solutions and proven technical delivery and operations expertise enable sustainable and cost-effective treatment of the most complex water challenges. Gradiant was founded at the Massachusetts Institute of Technology (MIT) to solve the most challenging water treatment problems through sustainable technologies to make a positive impact on the environment, society, and economy. Gradiant serves its clients around the world from its corporate headquarters in Boston, Massachusetts, USA, regional headquarters and R&D center in Singapore, and its subsidiaries Gradiant India (Chennai), Gradiant China (Shanghai, Ningbo), Sigma Water (Malaysia), Gradiant Australia (Sydney), Gradiant Energy Services (Houston and Midland, Texas, USA) and Gradiant Middle East (Saudi Arabia). For more information, please visit www.gradiant.com.