WOG ITR Water Solution Company Limited based in Thailand ("WOG ITR") has been 
successfully acquired by Wiik Water Company Limited ("Wiik Water"), a 
subsidiary of Wiik & Hoeglund Public Company Limited. WOG ITR is a Project SPV 
of WOG Group for the concession signed with the Patong municipality in Phuket, 
Thailand.

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WOG Group (www.woggroup.com) is a leading water company with expertise in waste 
water, water treatment and desalination projects. WOG Group has experience in 
successfully executing projects across South East Asia, South Asia, Middle East 
and the Caribbean using high end water treatment technologies. WOG operates as 
an Engineering, Procurement and Construction company (EPC) apart from building 
and operating water treatment plants on BOOT, BOT, DBOT and BOO basis. 

WOG ITR, set up in 2012, had signed a 30-year concession with Patong 
Municipality in the Phuket province of Thailand on Build, Own, Operate and 
Transfer (BOOT) basis. The 25,000 m3 per day project is to treat the waste 
water, convert into reusable water and supply to customers after laying 
pipeline. The plant was completed in 2014 and has been selling treated water 
since then. The current customers for the project include leading hotel chains, 
mall operators and resorts.

Wiik & Hoeglund (www.wiik-hoeglund.com), listed on the Stock Exchange of 
Thailand, entered the water resources management business in 2016 in order to 
meet the demand for water in the industrial sector. The company is a market 
leader since last 30 years in the manufacturing of HDPE pipe and fittings. The 
Company has also been recognized internationally in terms of products and 
product quality control. Wiik Water has increased its service areas post the 
transaction.     

WOG sold the plant for Thai Baht 300 million (~ USD 10 Million) and will 
continue as a minority partner with up to 10 percent revenue share agreement 
for the balance life of the concession.

This is a milestone deal in the Thai water treatment industry. The sale of the 
project to Wiik Water creates new growth opportunities and opens new avenues 
for WOG Group. The deal marks the first successful exit for WOG from owned 
projects. This strengthens our financial capabilities and provides capital to 
invest in the robust pipeline of projects across the globe, said Sunil Rajan, 
President of WOG Group.

For further details contact Mr. Rajagopal A at info@woggroup.com

Source: WOG Group