Bloomberg News

Ambienta Agrees to Buy $23 Million Stake in Amplio Filtration

October 31, 2011

Oct. 31 (Bloomberg) -- Ambienta SGR SpA, an Italian private-equity fund, has invested 16 million euros ($23 million) in Amplio Filtration to become a minority shareholder in the water-management business.

The investment will help Amplio Filtration expand and generate 100 million euros in revenue by 2014, London-based parent company Amplio Group said in an e-mailed statement. The filtration business will generate about 35 million euros in sales in 2011, Amplio Group said.

--Editors: Kristen Hallam, Digby Lidstone

To contact the reporter on this story: Sarah Jones in London at sjones35@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus