EX-99.1
3
tm2014094d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Press Release
FOR IMMEDIATE RELEASE
March 30, 2020
AquaVenture
Announces Completion of Acquisition by Culligan
ROSEMONT,
IL and TAMPA, FL, March 30, 2020
- AquaVenture Holdings Limited (NYSE: WAAS), a leading multinational developer
and provider of sustainable Water-as-a-Service® (WAAS®) solutions ("AquaVenture"), today announced the completion
of AquaVenture's previously announced acquisition by Culligan, the innovative brand in consumer-focused and sustainable water
solutions and services, for $27.10 per share in an all-cash transaction. The transaction will result in AquaVenture joining Culligan's
leading consumer water service and solutions platform as a privately held company.
About AquaVenture
AquaVenture is a multinational provider of WAAS solutions that
provide customers a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts
that minimize capital investment by the customer. AquaVenture is comprised of two operating platforms: Quench, a leading provider
of filtered water systems and related services with approximately 160,000 company-owned units installed at institutional and commercial
customer locations across the U.S. and Canada; and Seven Seas Water, a multinational provider of desalination and wastewater treatment
solutions, providing more than 8.5 billion gallons of potable, high purity industrial grade and ultra-pure water per year to governmental,
municipal, industrial and hospitality customers.
About Culligan
Founded in 1936 by Emmett Culligan, Culligan is a world leader
in delivering water solutions that will improve the lives of its customers. The company offers some of the most technologically
advanced, state-of-the-art water filtration and treatment products. Culligan's products include water softeners, drinking water
systems, whole-house systems and solutions for businesses. Culligan's network of franchise dealers is the largest in the world,
with over 900 dealers in 90 countries. Many Culligan dealers have valuable equity in their communities as multigenerational family
owners of their franchises.
Contact Info:
AquaVenture Holdings
investors@aquaventure.com
Investors Hotline: 855-278-WAAS (9227)

EX - 99 . 1 3 tm2014094d1 _ ex99 - 1 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 Press Release FOR IMMEDIATE RELEASE March 30 , 2020 AquaVenture Announces Completion of Acquisition by Culligan ROSEMONT , IL and TAMPA , FL , March 30 , 2020 - AquaVenture Holdings Limited ( NYSE : WAAS ) , a leading multinational developer and provider of sustainable Water - as - a - Service ® ( WAAS ® ) solutions ( " AquaVenture " ) , today announced the completion of AquaVenture 's previously announced acquisition by Culligan , the innovative brand in consumer - focused and sustainable water solutions and services , for $ 27.10 per share in an all - cash transaction . The transaction will result in AquaVenture joining Culligan 's leading consumer water service and solutions platform as a privately held company . About AquaVenture AquaVenture is a multinational provider of WAAS solutions that provide customers a reliable and cost - effective source of clean drinking and process water primarily under long - term contracts that minimize capital investment by the customer . AquaVenture is comprised of two operating platforms : Quench , a leading provider of filtered water systems and related services with approximately 160,000 company - owned units installed at institutional and commercial customer locations across the U . S . and Canada ; and Seven Seas Water , a multinational provider of desalination and wastewater treatment solutions , providing more than 8.5 billion gallons of potable , high purity industrial grade and ultra - pure water per year to governmental , municipal , industrial and hospitality customers . About Culligan Founded in 1936 by Emmett Culligan , Culligan is a world leader in delivering water solutions that will improve the lives of its customers . The company offers some of the most technologically advanced , state - of - the - art water filtration and treatment products . Culligan 's products include water softeners , drinking water systems , whole - house systems and solutions for businesses . Culligan 's network of franchise dealers is the largest in the world , with over 900 dealers in 90 countries . Many Culligan dealers have valuable equity in their communities as multi generational family owners of their franchises . Contact Info : AquaVenture Holdings investors@aquaventure.com Investors Hotline : 855 - 278 - WAAS ( 9227 )