Odinsa acquires EPM's subsidiary in Mexico and creates a new company to invest in wastewater treatment and desalination.

Odinsa, a Grupo Argos company, announced the creation of Odinsa Aguas, a water infrastructure investment platform that complements its operations in roads and airports.

The foray into this sector is part of the company's diversification and growth strategy, seeking to replicate its concession model in the water sector.

The platform will focus on water desalination for sectors such as mining and industry, especially in regions with high water stress. It will also focus on the treatment and reuse of wastewater, with the goal of reducing pressure on natural sources.

Odinsa Aguas is part of the company's growth and diversification strategy to expand into high-potential sectors, consistent with its capabilities and investment criteria.

In the medium term, it plans to allocate more than $300 million to projects in markets with high demand for water infrastructure and a favorable environment for long-term investment.

"With Odinsa Aguas, we are realizing our sustainable growth strategy, entering a new sector where we will deploy our corporate governance model, experience in concession models, and technical, legal, and financial capabilities," said Mauricio Ossa, president of Odinsa.

The deal will leverage Odinsa's experience in long-term concessions, with a proven ability to structure, operate, and maintain complex assets.

Its technical support will be complemented by the integration of companies specializing in wastewater treatment and desalination, allowing it to have operational experience from the outset.

Within the framework of the creation of this platform, Odinsa has identified opportunities in countries such as Chile, Peru, Mexico, and Colombia, as well as in other regions of the world.

As a first step toward the creation of Odinsa Aguas, the company announced the signing of a share purchase agreement with EPM Capital México and EPM Latam, two subsidiaries of the EPM Group, for the acquisition of the Mexican company Tecnología Intercontinental SAPI (TICSA).

This company has more than 40 years of experience in the design, construction, operation, and maintenance of wastewater and water treatment plants.

The transaction value is expected to reach up to 1.598 billion Mexican pesos (approximately 335 billion Colombian pesos), with an enterprise value of 2.905 billion Mexican pesos (approximately 609 billion Colombian pesos).

This investment allows Odinsa to complement its capabilities and accelerate its entry into the sector by acquiring a company with proven technical expertise.

In the coming months, Odinsa and the two EPM Group subsidiaries will work to fulfill the conditions precedent for the closing and completion of the transaction.