WEX is a chemical and services company, and its chemical product solutions address applications for boilers, cooling towers, and reverse osmosis and thermal evaporator antiscalants and cleaners.

Based in Pune, India, WEX will continue to operate as an independent entity with the original founders, who are recognized and respected veterans in the field, continuing in their management capacities.

Aquatech managing director Devesh Sharma said the company has been focused on growth in India by providing innovative and integrated technological solutions.

"By working together, Aquatech and WEX can help our clients use less water and optimize cost by managing their water consumption," Sharma said.

WEX managing director Dhrubo Banerjee said the investment by Aquatech will provide WEX the required infrastructure and network to meet the company’s accelerated growth plans and help WEX cater to the entire spectrum of water treatment needs for the clients," Banerjee said.