Clearwater International China advises ALS Limited on the sale of its equity holdings in the ALS China Environmental business to Suez NWS
With its headquarters in Australia, ALS Limited provides testing, inspection, certification, and verification services across 65 countries. For over a decade, ALS China has provided testing services for the investigation of polluted sites, risk assessment, remediation acceptance and other projects and providing technical services and consulting for environmental testing in hundreds of cities in China's 23 provinces and four autonomous regions.
Suez NWS is a joint venture between SUEZ and NWS Holdings Limited that encompasses their essential business segments – water management, recycling and waste recovery and water treatment infrastructure - in the Greater China region. SUEZ is a world leader in smart and sustainable resource management, providing water and waste management solutions. NWS Holdings is the infrastructure and service flagship of New World Development Company Limited.
An increasing fragmented market and the absence of a platform for vertical integration led ALS Limited to engage Clearwater China to divest its equity holdings in its China Environmental business. This move will accelerate SUEZ NWS’ development of new solutions for customers, particularly in air quality monitoring and remediation services, watershed quality management and river remediation projects and the soil remediation industry.