PREMIER TECH CONTINUES TO EXPAND IN INDIA
Premier Tech is pleased to announce the acquisition of a majority shareholding position in Brisanzia Technologies Pvt, Ltd., a company located in Delhi, India, by its Environmental Technologies Group (ETG).
Offering a complete range of products and services in water management, this company will be integrated with ETG, thus creating a new Business Unit, Premier Tech Brisanzia (PTBR). Already well established and recognized in India for the past five years thanks to its Premier Tech Aqua India Business Unit (PTAI), it will continue its development in municipal and residential markets, while PTBR will allow ETG to strengthen its deployment in the commercial, community, institutional and industrial (CCII) markets, thanks to this new joint venture.
An action in line with Premier Tech's vision for expansion
As a result of this strong, organic growth and the acquisitions mentioned above, Premier Tech succeeded in increasing its sales to $50.2M in the last year; $38.2M was attributable to organic growth and $12M to acquisitions completed during the year. The company's sales thus reached a new peak of close to $725M!
Looking ahead to 2023, Premier Tech is able to experience the relevance of foundation for its growth model: sustained investments in innovation, strict implementation of its strategic planning and a specific program for company acquisitions, while maintaining strong ties with its values and culture. By building on these four growth levers, the Premier Tech team members were able to provide continued improvement of business and financial performance, allowing the company to maintain a compound annual growth rate (CAGR) of 10.5% since 1990.
To learn more about Premier Tech, consult the Premier Tech Report.