Heat Exchange Products broadens water offering by acquiring Valco Pipes Valco

Valco Pipes is the leader in bulk water supply solutions – one of their projects included the 800mm dia, water supply line to the Trekkopje Uranium mine (picture above). (or the 600mm dia to Husab mine- picture left)

Installation of a bulk water supply lines

When Everite AC Pipes withdrew from the Namibian market they were looking for an agent for their product range. Mr Walter Behr of Valco Sales & Service saw the potential in this and established Valco Pipes in June 1996 and Eric Detering joined the company in 1998. The business soon became the leader in bulk water and reticulation pipe supply and has since expanded its product offering to include, amongst others, water meters and manhole covers. “A great part of our country’s water infrastructure was built with products supplied by us – a feat that we are very proud of” says Eric Detering, the company’s Managing Member.

Valco Pipes is in the process of being acquired by Heat Exchange Products (Pty), a company founded by Henning Mercker and recently majority-owned by local private equity firm Eos Capital as part of its aggressive growth path in the water sector which it believes to be one of the most attractive growth sectors over the medium term.

The aim of Heat Exchange products is to build an end to end Namibian water services and engineering company, offering its customers freedom of choice between a vast product and service portfolio. “Valco Pipes fits squarely into our vision and we are excited to have them on board” said Henning Mercker, CEO of Heat Exchange Products.

All employees will be retained, and Eric Detering will still guide the business for a transition period of six months where after he would like to retire. The business will relocate to the Heat Exchange Products premises, just a bit further down Simmentaler road and will offer the same service to its customers.

The business holds massive potential and will be more competitive with improved empowerment credentials and access to a wider and deeper stockholding of quality products for its customers.

Notes to editors:

Heat Exchange Products is the leading water treatment firm in Namibia offering water treatment solutions and related products to its customers. Heat Exchange Products is led by CEO Henning Mercker and is on an aggressive growth path in the water sector.

Eos Capital, the name of which means New Dawn in Greek mythology, is an all-Namibian Private Equity Fund Manager led by experienced professionals with the former MD of Old Mutual Africa Mr Johannes !Gawaxab serving as Managing Director, Nicole Maske, who brings significant strategic and financial experience serving as Partner Value Add, and Ekkehard Friedrich, who brings considerable international transaction advisory experience, serving as Partner Investments.

Eos Capital was ranked by Emerging Markets Private Equity Association’s (EMPEA) as one of the top deal makers in Sub-Saharan Africa in 2016 and have invested in five Namibian companies to date.

Heat Exchange

Further information is available on:

www. www.hepwater.com

www.eoscapital.com.na

Enquiries:

Ekkehard Friedrich

Partner: Investments

Eos Capital

Tel: +264 61 304 400

2019-06-06T12:55:03+00:00 June 6th, 2019|NEWS|