THOMSONS Lawyers has advised Australian locally owned desalination company Osmoflo as it has been partly acquired by a listed Japanese global trading firm.
Marubeni Corporation has acquired a 40 per cent stake in Osmoflo.
The Australian company has experienced large growth and has built more than half of the desalination plants in use in Australia, Thomsons Lawyers said in a statement. Osmoflo operates around 130 of the 300 plus plants it has supplied.
Partner Loretta Reynolds and senior associate Carissa Hillyard lead the Thomsons Lawyers team.
"We were very pleased to assist Osmoflo in this transaction. The investment by Marubeni will substantially benefit Osmoflo and will give them a global edge to their growth strategy," Reynolds said.
Marubeni has global interests in oil, gas, mining, power and numerous other activities and will position Osmoflo as its strategic partner for desalination and industrial water treatment projects internationally as well as in Australia.
Marubeni expects Osmoflo will expand the business activities through the collaboration with its other water companies, such as Aguas Nuevas in Chile and Anhui Guozhen in China.