Odinsa acquires Ticsa for MXN 1.5B, launches Odinsa Aguas
What's the deal? OdinsaDealroom has a profile for this one. Try Dealroom →, a Grupo ArgosDealroom has a profile for this one. Try Dealroom → company, has acquired 100% of Mexican water firm Tecnología Intercontinental (Ticsa)Dealroom has a profile for this one. Try Dealroom → from EPM Capital MéxicoDealroom has a profile for this one. Try Dealroom → and EPM LATAMDealroom has a profile for this one. Try Dealroom →, subsidiaries of Grupo EPMDealroom has a profile for this one. Try Dealroom →. The equity value reached MXN 1,499 million (roughly $277,000 million Colombian pesos at current exchange rates), plus a contingent payment of MXN 224 million tied to certain conditions.
What does Ticsa do? The company has 45 years of experience designing, building, operating, and maintaining wastewater treatment and potabilisation plants. It has built 175 plants across Mexico, Colombia, and Chile, including large-scale projects at Tierra Negra (1,500 litres per second) and Celaya (750 lps), together treating the equivalent of service for 9 million people.
Why now? The deal closed after clearing conditions including approval from Mexico's competition authority. It marks Odinsa's entry into Mexico and the launch of Odinsa AguasDealroom has a profile for this one. Try Dealroom →, a new water infrastructure investment platform.
What's the endgame? Odinsa Aguas will replicate the group's concession model in water, focusing on treatment and reuse to ease pressure on natural sources, and desalination for sectors such as mining and industry in water-stressed regions. It plans to evaluate projects in Mexico, Chile, Peru, and Colombia, among other markets.
The platform advances Odinsa's transition into Grupo Argos Asset Management, positioning Grupo ArgosDealroom has a profile for this one. Try Dealroom → as an anchor investor. "As the sole asset manager of the Argos business group, we will have the challenge of originating investment opportunities, attracting capital, and operating specialised infrastructure assets," said Jean Pierre Serani, president of Odinsa (translated from Spanish).
The signal: The acquisition fulfils a goal under Grupo Argos's recently launched ACE 1.0 program and consolidates water as Odinsa's first specialised vertical. Serani said the company expects to move into other platforms such as energy and ports in the medium term.
Read more: Valora Analitik
Image credit: KOMUnews
