Although formal agreements have not yet been signed, Aqua Society Inc’s acquisition of AQUA-SE GmbH is expected to be completed by 30 June 2010.
AQUA-SE GmbH is an independently operated company located in Herten, Germany, and owned by Hubert Hamm, the president, CEO and majority shareholder of Aqua Society. AQUA-SE specialises in drum filters for water treatment and purification. These filters can be used for fishponds and aquacultures as well as in industrial facilities.
Aqua Society expects that the integration of AQUA-SE into its corporate structure will help both companies to reach their full market potential.