Saur Group completes the acquisition of Aquapor, becoming the third largest water operator on the iberian peninsula

Saur Group announces the completion of the acquisition of Aquapor, the leading player in the management of municipal water concessions in Portugal. As part of its internationalization strategy, Saur is thereby welcoming 1,300 water professionals and adding revenue of €120 million and meets an important milestone in its project to become the reference pure player in the water sector committed to the ecological transition.

On January 11^th, 2021, Saur announced it had reached an agreement to acquire 100% of Criar Vantagens, the company that owns 100% of Aquapor's capital, subject to standard conditions including antitrust clearance. Following the closing of this acquisition on February 15^th, 2021, the share of its International Division in the Saur Group EBDITA will be increased to 30%. Accounting for the contribution of its Industrial Division, 40% of Group EBITDA will be generated internationally in 2021. By grouping together within the same Group Aquapor in Portugal, Gestagua and Emalsa in Spain, Saur becomes the third largest water concessions operator on the Iberian Peninsula, with revenue of around €250 million.