Concord Enviro Systems’ wholly owned overseas subsidiary (WOS)-- Concord Enviro FZE has acquired Convertible Preferred Stock of WaHa Inc. The said acquisition is in line with the WOS’s strategic objectives and is expected to strengthen its business and technological capabilities.

The proposed investment in WaHa Inc. is intended to establish a strategic partnership to access its advanced MOF-based dehumidification and atmospheric water generation technologies. Through Concord Enviro FZE, the company will secure exclusive licensing rights for India and the UAE and act as a global manufacturing partner for AWG systems. The investment is driven by strong synergies on account of significant customer overlap in the company’s existing sectors viz, Atmospheric Water Generation: industries in water-stressed regions, Industrial Product Drying: Applications for clients in Pharma, yeast, and powder-based manufacturing, Dehumidification: Supporting critical manufacturing environments for clients in F&B, Battery Manufacturing, Solar and Semiconductors. 

Concord Enviro Systems is engaged in the business of manufacturing water treatment systems, water pollution control equipment, bio filters, resource recovery systems using membrane technology and operational and maintenance services.