Aqualyng

Trondheim, Norway Water Infrastructure & Treatment Acquired

Aqualyng is a fully integrated water platform providing seawater desalination, wastewater treatment, and water recycling solutions with patented energy recovery technology. The company designs, builds, finances, owns and operates desalination facilities globally, having developed over 144 water projects. Aqualyng specializes in reverse osmosis technology and holds proprietary intellectual property in its Recuperator energy recovery device, serving oil & gas, power generation, mining, municipal, and industrial sectors across eight countries.

Acquired

Aqualyng has been acquired

Acquired by Almar Water Solutions July 9, 2024

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

1996

Total Funding

$30M

2 rounds

Funding

Total raised $30M across 2 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Private placement (China expansion)

Date

September 2012

Amount

$30M

Valuation

Lead Investors

International Finance Corporation
DateRoundAmount RaisedValuationLead Investors
September 2012 Private placement (China expansion) $30M International Finance Corporation
2010 Earlier venture (ChinaEquity / Origo Partners) Not disclosed

Leadership

  • Fadey Kassim

    Chief Executive Officer

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