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May 28, 2015 5:24 PM ET

Commercial Services and Supplies

Company Overview of Metito (Overseas) Limited

Company Overview

Metito (Overseas) Limited offers wastewater management solutions. It designs and manufactures wastewater management and treatment systems. It also offers process and surface water treatment, water desalination, chemical injection systems, water disinfection, industrial effluent treatment, and municipal sewage treatment plants. The company’s products include reverse osmosis and pre-treatment, boilers, closed systems, evaporative cooling systems, potable water, MSF/combined cycle, process chemistries, and oilfield chemicals. It also offers specialized chemicals to various industry sectors, including oil, gas, petrochemical, marine, mining, automotive, industrial cleaning, food, and leisure ind...

Sheikh Zayed Road

Technopark

Dubai,  262335

United Arab Emirates

Founded in 1958

Phone:

971 4 810 3333

Fax:

971 4 810 3300

Key Executives for Metito (Overseas) Limited

Chief Executive Officer
Founder and Chairman
Managing Director
Finance Director
General Manager of Metito Qatar and Bahrain
Compensation as of Fiscal Year 2014.

Metito (Overseas) Limited Key Developments

Metito Wins $75 Million Water Project in Rwanda

Metito has signed a concession agreement for a public- private partnership (PPP) water project worth $75 million with the government of Rwanda. The company will develop a new, sustainable bulk water supply plant in Kigali to serve 40% of Kigali city’s potable water requirements under the deal. The signing took place in Kigali at a special ceremony that was coordinated by Rwanda’s Development Board (the country’s investment promotion organ), the Water and Sanitation Corporation (Wasac) and the Ministry of Infrastructure and the International Finance Corporation (IFC). It is the first water concession contract of such scale awarded by the government of Rwanda and in terms of capacity and value in sub-Saharan Africa, outside of South Africa. To implement this project and to further cement Metito’s commitment to Rwanda, the company has established Kigali Water, a fully-owned subsidiary of Metito. The plant, which will take approximately two years to construct, will be located in Kanzenze in the South Eastern part of Kigali. On completion the plant will supply 40,000 cu m per day of treated groundwater, which will be extracted from the south bank of the Nyabarongo River.

Investor Reportedly Eye SMS

REMONDIS SE & Co. KG; Metito Overseas Ltd.; Tata Projects Limited; Va Tech Wabag Ltd (NSEI:VATECH) are in the race to acquire a strategic stake in Aditya Birla Private Equity backed SMS PARYAVARAN Limited. The deal, valuing SMS Paryavaran at INR 5 billion, could help Aditya Birla exit SMS, three people with direct knowledge of the development said. "The company is looking at raising INR 150 crore to expand its current order book and execute some of the existing projects," an investment banker said. "Currently, the company is looking at selling a significant minority stake where Aditya Birla PE could also partially exit." The company's valuation has grown about four times since it reported revenues of INR 131 crore in 2012-13. "VA Tech Wabag and Tata Projects, too, have put in a competitive bid. Talks are on and the company will enter into exclusive talks with one of these players by end of the month," another person with knowledge of the company's plans said.

Metito Seeks Acquisitions

Metito Overseas Ltd. seeks acquisitions. "We always look for takeover, operate and transfer [assets],'' said Fady Juez. "We also have an active target for M&A [mergers and acquisitions] to serve our growth plans regionally and product-wise. We have an appetite to acquire companies if something is interesting.''

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