TAMPA, Fla., June 22, 2018 /PRNewswire/ -- AquaVenture Holdings Limited (NYSE: WAAS) ("AquaVenture" or the "Company"), a leader in Water-as-a-Service™ ("WAAS™") solutions, announced today that it entered into an agreement with Abengoa Water Nungua, S.L.U. to extend the long-stop date to September 30, 2018 on its pending acquisition of a majority interest in a desalination plant in Accra, Ghana. The long-stop date was previously June 30, 2018.
Doug Brown, Chairman and CEO of AquaVenture, commented: "We are pleased with the significant progress made with this transaction, particularly in light of the number of stakeholders involved, as well as the significant conditions precedent. This extension signifies the continued commitment of all participants to push this deal across the finish line. We look forward to becoming a long-term partner to the Government of Ghana for water treatment and services."
AquaVenture is a multinational provider of WAAS™ solutions that provide customers a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts that minimize capital investment by the customer. AquaVenture is composed of two operating platforms: Quench, a U.S.-based provider of Point-of-Use, or POU, filtered water systems and related services to approximately 40,000 institutional and commercial customers; and Seven Seas Water, a multinational provider of desalination and wastewater treatment solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental, municipal, industrial and hospitality customers.