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FWTC to acquire FMAC for accelerated growth and innovation

PRIVATEMay 14, 2024

Acquiring Company

Forward Water Technologies Corp

Acquired Company

Fraser Mackenzie Accelerator

SarniaTorontoWaterFinancial Services

Description

The strategic business combination between FWTC and FMAC will mark a significant milestone for both entities, with FMAC contributing public market and business experience to FWTC. This partnership is set to revolutionize the water filtration industry and drive efficiency, sustainability, and profitability, leveraging FWTC's proven concept and customer base and FMAC's financial resources and access to capital.

Quick answer

Forward Water Technologies Corp is acquiring Fraser Mackenzie Accelerator, announced May 14, 2024. Forward Water Technologies Corp is based in Sarnia, Ontario, Canada.

How much did Forward Water Technologies Corp pay for Fraser Mackenzie Accelerator?
The deal value was not disclosed.
What does Forward Water Technologies Corp do?
Based on a technology invented at Queen's University by Dr. Philip Jessop, Forward Water Technologies is commercializing a greener and more efficient way to desalinate water.
Where are Forward Water Technologies Corp and Fraser Mackenzie Accelerator based?
Forward Water Technologies Corp is based in Sarnia, Ontario, Canada. Fraser Mackenzie Accelerator is based in Toronto, Ontario, Canada.
Who are the decision-makers at Forward Water Technologies Corp?
Fundz holds 1 contact at Forward Water Technologies Corp. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Who to call at Forward Water Technologies Corp, and when

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Company Information

Company

Forward Water Technologies Corp

Location

Sarnia, Ontario, Canada

About

Based on a technology invented at Queen's University by Dr. Philip Jessop, Forward Water Technologies is commercializing a greener and more efficient way to desalinate water. Forward Water Technologies'​ green desalination system is capable of purifying water using one of nature's natural driving forces known as osmotic pressure. With their proprietary switchable salt, Forward Water Technologies is able to create an extremely salty solution that is capable of drawing pure water across a membrane without the use of heat or energy. Once this process is complete, the switchable salt is "switched off,"​ removed from the system and collected again for re-use. This breakthrough process, driven by forward osmosis, holds the promise of clean water for millions around the world. For more information, please contact us at: info@forwardwater.com

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Frequently asked

Who acquired Fraser Mackenzie Accelerator?

Fraser Mackenzie Accelerator was acquired by Forward Water Technologies Corp, based in Sarnia. The deal was reported on May 14, 2024. Based on a technology invented at Queen's University by Dr. Philip Jessop, Forward Water Technologies is commercializing a greener and more efficient way to desalinate water. Forward Water Technologies Corp is privately held and operates in Water.

When did Forward Water Technologies Corp acquire Fraser Mackenzie Accelerator?

Forward Water Technologies Corp's acquisition of Fraser Mackenzie Accelerator was reported on May 14, 2024. The strategic business combination between FWTC and FMAC will mark a significant milestone for both entities, with FMAC contributing public market and business experience to FWTC. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Fraser Mackenzie Accelerator do?

Fraser Mackenzie was founded in 2004, as an investment dealer serving the needs of institutional fund managers and small and mid capitalization corporate clients. Our mission is to be the financial partner of choice of our corporate and institutional clients. It is privately held, operating in Financial Services, and is based in Toronto.

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