Hassan Allam Holding, a leading construction and engineering group headquartered in Cairo, has announced that its subsidiary Hassan Allam Holding B.V. acquired a majority interest in Bioworks AG, a global player in water and waste-water technology headquartered in Munich.
Founded in 2007, Bioworks is the world leader in the design and construction of large scale, extended aeration process water-treatment systems, having developed over 120 projects in 25 countries around the world.
Hassan Allam Holding is one of the largest privately-owned corporations in Egypt and the MENA region, and leads the Egyptian and regional engineering, procurement, and construction (EPC) market via three business arms, engineering and construction, building materials, and utility development.
The selling owners of Bioworks will remain with the company and continue to manage operations.
GLNS advised the owners of Bioworks on the transaction. The team consisted of partner Dr. Daniel Gubitz and counsel Dr. Carolin van Straelen (both Corporate/M&A).