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FWTC to acquire FMAC for accelerated growth and innovation

May 14, 2024•over 1 year ago

Acquiring Company

Forward Water Technologies Corp

Acquired Company

Fraser Mackenzie Accelerator

SarniaTorontoWaterFinancial Services

Description

The strategic business combination between FWTC and FMAC will mark a significant milestone for both entities, with FMAC contributing public market and business experience to FWTC. This partnership is set to revolutionize the water filtration industry and drive efficiency, sustainability, and profitability, leveraging FWTC's proven concept and customer base and FMAC's financial resources and access to capital.

Company Information

Company

Forward Water Technologies Corp

Location

Sarnia, Ontario, Canada

About

Based on a technology invented at Queen's University by Dr. Philip Jessop, Forward Water Technologies is commercializing a greener and more efficient way to desalinate water. Forward Water Technologies'​ green desalination system is capable of purifying water using one of nature's natural driving forces known as osmotic pressure. With their proprietary switchable salt, Forward Water Technologies is able to create an extremely salty solution that is capable of drawing pure water across a membrane without the use of heat or energy. Once this process is complete, the switchable salt is "switched off,"​ removed from the system and collected again for re-use. This breakthrough process, driven by forward osmosis, holds the promise of clean water for millions around the world. For more information, please contact us at: info@forwardwater.com

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed