Alpha Dhabi Holding has acquired a majority stake in Metito Holdings, a global leader in the water and wastewater industry, marking Alpha Dhabi’s strategic entry into the water and wastewater domain.
The acquisition underscores the company’s commitment to diversifying its portfolio and bolsters Metito’s mission to broaden smart water solutions across the MENA region and beyond, aligning with the UN sustainability goals. The transaction is pending for regulatory approvals.
The acquisition sees Alpha Dhabi purchasing the majority stake from selling shareholders Mitsubishi Corporation, Mitsubishi Heavy Industries, and Gulf Capital, showcasing Alpha Dhabi’s unwavering confidence in Metito’s expertise and future potential. The Ghandour family, Metito’s founding shareholders, will retain their leadership roles, ensuring the company’s foundational principles of impact, sustainability, and innovation remain intact.
“With nearly half the world’s population projected to face water scarcity by 2025, the need for sustainable water solutions has never been more critical. Our partnership with Metito is a decisive step towards addressing this pressing challenge. Together, we are committed to pioneering solutions that not only cater to immediate needs but also ensure a sustainable future for generations to come. The collaboration is more than a strategic business move; it’s a testament to Alpha Dhabi’s dedication to driving impactful change in the water sector and its broader vision of sustainable growth and global impact.”
Mr. Talal Ghandour, co-CEO of Metito, said that, “Together, we aim to address the pressing water challenges, especially in the MENA region, the most water-stressed region globally. With Metito’s extensive experience across 50 countries and our dedication to innovation and technology, this partnership will bolster our capabilities, allowing us to further our mission and bring sustainable water solutions to regions that need it the most.”
“This partnership is set to unlock vast synergies and to unleash boundless potential. We are poised to make significant contributions to sustainable solutions, especially as the UAE’s Year of Sustainability and COP28 gain traction. Together, our combined expertise and resources position us to drive sustainable growth and shareholder value in the global water sector,” commented Mr. Rami Ghandour, co-CEO of Metito.