In partnership with MDS, Aqualia commences operations in Texas – the US’ second largest and fastest growing state by population.
Aqualia, in keeping with its strategy for international growth, has acquired a controlling stake in the company Municipal District Services, LLC (MDS), that manages the end-to-end water cycle for more than 364,000 people on the outskirts of Houston and has approximately 140 service agreements with Municipal Utility Districts.
MDS, recognised for its more than 16 years of dedicated service, is the second-largest provider of water, wastewater and stormwater services in the Houston area for municipal utility districts, managing all aspects of the water cycle, and providing customers with comprehensive management. Its “family company” culture rooted in service and focused on the customer aligns perfectly with Aqualia´s culture of people-centred public service.
With this acquisition, Aqualia will take on the development of this business with an aim of becoming one of the leading operators in the southern United States.
Aqualia is the water management company owned by the citizen services group FCC (51 per cent) and the Australian funds manager IFM Investors (49 per cent). The company is the fourth largest water company in Europe by population served and the ninth largest in the world, according to the latest Global Water Intelligence ranking (December 2022) and it’s been awarded as the Best Water Company of the year 2023. It currently serves 43.7 million users in 18 countries. In the 2022 financial year, the company had a turnover of USD1.4 billion and maintained a business portfolio of more than USD18 billion.