California Water News Daily Your Source For Water News in California
Cadiz Inc. will acquire ATEC Systems, Inc., a leading provider of technologically-advanced, cost-effective groundwater filtration systems for community, municipal, agricultural and industrial use.
Adding the ATEC business to the Cadiz portfolio diversifies its range of innovative, sustainable clean water solutions and expands Cadiz’s mission to provide safe, affordable drinking water to underserved communities.
“We are proud to combine our expertise with ATEC in delivering innovative and affordable water solutions, particularly for small, rural and low-income communities without the financial resources to access safe, reliable water supplies,” said Susan Kennedy, Executive Chair of the Cadiz Board. “ATEC’s technology and expertise in conjunction with our state-of-the-art conservation and conveyance technologies will help us deliver affordable clean water solutions to communities throughout and beyond California.”
Cadiz has been engaged in a strategic partnership with ATEC since 2015. The Company installed ATEC systems to test the removal of naturally occurring minerals for operation of the Cadiz Water Project and identified ATEC as the best in class, most cost-effective treatment technology for removing minerals from groundwater supplies.
“ATEC’s strength is the versatility of its designs which can service both small and large systems through compact-footprint filter systems tailored to remove the specific contaminants in each groundwater basin.” Kennedy added. “ATEC’s highly efficient design and low operating cost makes it the most cost-effective solution on the market for both large municipal and small community water systems to address the growing threat of groundwater contamination in California and nationwide, including Chromium 6, nitrates, arsenic, industrial pollution and ‘forever chemicals.’”
ATEC has built more than 450 water filtration systems for cities, water districts, investor-owned utilities and small communities and businesses in 10 U.S. states, as well as Canada and Sri Lanka, with system treatment capacities up to 60 million gallons per day (mgd). ATEC systems can be scaled in size to serve small, rural communities as well as larger municipalities, and require less maintenance and upkeep than traditional filtration systems.
The acquisition is expected to close this month. ATEC will retain its name and operate as a unit of Cadiz.
