Amiad Water Systems Ltd Amiad establishes subsidiary in UK (2037Y)
September 07 2015 - 1:00AM
UK Regulatory
TIDMAFS
RNS Number : 2037Y
Amiad Water Systems Ltd
07 September 2015
7 September 2015
Amiad Water Systems Ltd.
("Amiad" or "the Company")
Amiad establishes subsidiary in UK
New Amiad office to support increasing demand for clean water
solutions in UK and Europe
Amiad Water Systems Ltd. (AIM: AFS), a leading global producer
of water treatment and filtration solutions, announces that it has
established a wholly-owned subsidiary in the UK that will operate
from Swansea, Wales, with the office due to open later this month.
This will be the Company's first permanent base in the UK.
Previously, Amiad's products and solutions were sold through its
distributor based in Swansea. The new subsidiary, Amiad Water
Systems UK Ltd, will report to Amiad Europe, a wholly-owned
subsidiary of the Company, and provide marketing and technical
support functions. The Company expects to create five to 10 new
jobs within the first year.
Swansea, as the home of Welsh Water, offers Amiad a perfect
platform to build its municipal business as well as provide the
water engineering talent needed for its development. With renowned
water technology companies and large industry based in the region,
Amiad believes that the new office in Swansea will enable the
Company to increase its efforts in the UK as well as provide
technical support for customers.
The new subsidiary will expand Amiad's presence to 11 sites
globally, along with a comprehensive network of over 170
distributors, to serve customers in more than 80 countries.
Over the past two decades, Amiad has supplied innovative
solutions throughout the UK, such as to the Eden Project in
Cornwall, the energy-saving zero-carbon Kingston Heights Project in
South London and to provide effective Cryptosporidium protection in
multiple water treatment plants.
Arik Dayan, Chief Executive Officer of Amiad, said: "We are
pleased to be establishing a UK subsidiary based in Wales, and
particularly Swansea, which is the home of Welsh Water, with its
reputation for providing high quality drinking water and delivering
best quality service at the least possible cost. With a permanent
presence in the UK, we will be in a better position to leverage the
increasing demand for clean water solutions in the region. We have
been supplying products and solutions to this market for many
years, and have been listed on the London Stock Exchange since
2005, and so this feels like a natural fit for Amiad."
Enquiries:
Amiad Water Systems Ltd.
-------------------------------- -----------------
Arik Dayan, Chief Executive
Officer
Irit Ben-Dov, Chief Financial
Officer +972 4 690 9500
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Stifel Nicolaus Europe
Ltd.
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Giles Balleny +44 20 7710 7600
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Luther Pendragon Ltd.
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Harry Chathli, Claire
Norbury, Oliver Hibberd +44 20 7618 9100
-------------------------------- -----------------
About Amiad
Amiad Water Systems (AIM: AFS) is a leading global producer of
automatic, self-cleaning water treatment and filtration products
and systems. Through its engineering skills and ability to
innovate, Amiad provides cost-effective "green" solutions for the
industrial, municipal, irrigation, oil & gas and ballast water
markets. In these segments its patented products are being
integrated into the core of systems for filtration and water
treatment, micro irrigation and membrane protection, wastewater and
potable water treatment, cooling systems and sea water
filtration.
Headquartered in Israel, Amiad provides these solutions through
nine subsidiaries and a comprehensive network of over 170
distributors to customers in more than 80 countries.
For additional information or product details, please visit
www.amiad.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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