Aquaporin has acquired 100% of the share capital of its Aquaporin Asia Pte Ltd subsidiary based in Singapore.
Aquaporin Asia Pte Ltd was founded in 2011 with Aquaporin A/S, DHI Water & Environment, Singapore and Nanyang Technological University – NTUitive as shareholders.
“The full ownership of Aquaporin Asia is yet another important and great milestone in the global commercialization of the Aquaporin Inside® technology,” said Peter Holme Jensen, CEO of Aquaporin. “We are busy taking our products to market and a simplified structure with a strong commercialization hub in Singapore helps us achieve this goal.”
In addition to sales and business development for the region, Aquaporin Asia also undertakes key R&D functions for the group, including membrane pilot production.