AEA Investors LP Completes Acquisition of Siemens Water Technologies; New Company to be Evoqua Water Technologies

  AEA Investors LP Completes Acquisition of Siemens Water Technologies; New
  Company to be Evoqua Water Technologies

  *Private equity firm closes on agreement to acquire Siemens Water
    Technologies municipal, industrial and services operations
  *New company Evoqua Water Technologies will continue to offer municipal and
    industrial water and wastewater treatment equipment and services
  *Existing management will remain

Business Wire

ATLANTA -- January 16, 2014

AEA Investors LP has secured regulatory approvals and closed on an agreement
to acquire the municipal, industrial and services water and wastewater
treatment operations and assets of Siemens Water Technologies LLC. The new
company now will be Evoqua Water Technologies LLC.

AEA announced its purchase of Siemens Water Technologies from Siemens AG for
EUR 640 million on Nov. 6, 2013.

With more than 45 years of investing experience, AEA has an established track
record of achieving superior returns as a leading private equity partner to
middle market companies. AEA focuses on control buyouts in four industry
sectors: value-added industrial products; specialty chemicals; consumer
products/retail and services.

Under AEA, Evoqua will continue to offer municipal and industrial water and
wastewater treatment equipment and services. The existing management under the
leadership of CEO Dr. Lukas Loeffler will remain. Evoqua originates from the
definition of "evoke" to re-create imaginatively, as well as "evolve,"
symbolizing the ongoing evolution of one of the great water industry leaders
combined with a shortened version of “aqua.” It is pronounced e (long “e”) vo
(long “o”) qua.

“AEA Investors is pleased to complete this acquisition and move forward with
management to execute its plan to grow the business and maximize the potential
of this industry leader,” said AEA Partner Brian Hoesterey.

“The management and 4,000 employees of Evoqua are committed to refocusing our
culture on adding value for customers,” Loeffler said. “AEA’s primary
professionals interfacing with us have years of water, specialty chemicals and
industrial experience. Combined with our expertise, proven legacy brands and
advanced water and wastewater treatment technologies, the company is
well-positioned for its next evolution to helping our customers achieve
success.”

About AEA Investors LP

AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman
family interests and S.G. Warburg & Co. as a private investment vehicle for a
select group of industrial family offices with substantial assets. AEA’s
active individual investors (the “Participants”) include an extraordinary
network of more than 75 highly successful business executives, industrial
families and former government leaders. Today, AEA’s over 65 investment
professionals operate globally with offices in New York, Connecticut, London,
Munich, Hong Kong and Shanghai. The firm manages funds that have $6 billion of
invested and committed capital including the leveraged buyouts of middle
market companies and small businesses and mezzanine and senior debt investing.
AEA Private Equity invests across four sectors: value added industrial
products, specialty chemicals, consumer products/retail and services.

About Evoqua Water Technologies LLC

Evoqua Water Technologies, formerly Siemens Water Technologies, is a leader in
water and wastewater treatment products, systems and services for industrial
and municipal customers. Its comprehensive, cost-effective and reliable
treatment systems and services reduce fresh water demand, ensure uninterrupted
quantity and quality of water, and enable regulatory and environmental
compliance. With a wide range of proven product brands and advanced water and
wastewater treatment technologies, mobile and emergency water supply solutions
and service contract options, Evoqua helps cities provide clean water and
industrial plants to maintain productivity and profitability. For more
information, visit www.evoqua.com.

Contact:

Evoqua Water Technologies LLC
John Deaver, +1 (404) 937-1562
Director of Communications
john.deaver@siemens.com
 
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