Acquisition of DHV BEEC
Author: Century 3 Update: 2016-08-19
Century 3, an engineering and project management company headquartered in Shanghai, recently announced that it has completed acquisition of Royal HaskoningDHV’s Beijing operation: DHV (Beijing) Environmental Engineering Co., Ltd. (shortened as DHV BEEC). DHV BEEC and its employees are fully incorporated into Century 3; and clients with whom DHV BEEC had contracts remain unaffected. This ensures the continuity of service and delivery on all DHV BEEC’s projects.
As of May 2016 both companies finished due diligence process and officially completed the acquisition on 1 July 2016. Through this acquisition, Century 3 will become a licensee of Royal HaskoningDHV’s patented water technology products, such as CARROUSEL®, ABR® and CRYSTALACTOR®, which provide innovative and smart water solutions.
Since foundation in July 2000, DHV BEEC has become a nationally recognized service provider for designing and engineering high-quality water and wastewater treatment, fabricating proprietary equipment with over 100 projects successfully delivered in China. DHV BEEC has developed its reputation through offering cost-effective solutions to renowned international clients, such as BASF, Ecco, DSM, Akzo Nobel and etc.
“Century 3 has strong business credentials, with a professional team of nearly 900 people, and an established network with private multinational and other companies in the industrial market.” Said Brian Lue, General Manager of DHV BEEC. “We are confident that the strong position Century 3 holds in China market will enable DHV BEEC to continue provide clients with the best services possible after the transfer of shareholder ownership from Royal HaskoningDHV to Century 3.”
“Through the integration of DHV BEEC, Century 3 will further expand its capabilities to include water treatment services, delivering significant benefits to our clients with the collective expertise of both companies. Century 3 will be an ideal match for clients wanting to drive value from water solutions.” Said Mr. Rong He, CEO of Century 3. “With the combined resources and technical know-how, we will enhance our leadership in China market. We look forward to integrating DHV BEEC’s team to capitalize on the unique strengths of both companies.”