Multinational water company buys Turkish chemical firm
Smart water management systems maker Metito, which is active in 46 countries globally, acquired majority shares of Turkish chemistry company Info Group. Acquiring shares of the Turkish firm is a significant milestone for Metito, said Fady Juez, a member of the company’s executive board, during a signing ceremony in Istanbul on September 23. He stressed: “We are delighted to have found the Info Group, which shares the same vision and quality goals with Metito.” Metito will continue to offer its experience, know-how, network, high-tech, capacity and success in Turkey under the name, Info Group, he noted. Noting that Mitsubishi Heavy Industries and the World Bank’s International Finance Corporation were shareholders of Metito, he said Info Group will enjoy opportunities in Turkey and beyond. Info Group will be a platform for chemistry in Turkey for Metito, but it plans to make more
investment in the country in other fields such as engineering, supply, construction and alternative energy, he underlined.