OREANDA-NEWS. Toshiba Corporation has agreed to acquire a strategic stake in UEM India Private Limited. UEM was founded by Krishan Kshetry, who has decades of international experience in waste water management. India Value Fund Advisors (IVFA) acquired a majority stake in UEM in July 2010. Following the investment, IVFA will continue to own a majority stake in the venture. Toshiba's entire investment will be infused into the business to drive future growth.

UEM Group is an international multi-disciplinary environmental services company that specializes in providing turnkey services in water and wastewater collection, treatment and disposal facilities. UEM Group provides complete, single-source services from engineering and design to construction and installation of water, waste-water and domestic waste treatment facilities.

Headquartered in Noida, India, UEM has executed projects in over 30 countries across India, South East Asia, North America, Central America and Africa, and has annual revenues of ~US\\$70 million.

Toshiba has been Japan's leading manufacturer of electrical system for water supply and sewerage facilities for over 40 years. The company has also expanded the business into overseas markets, including China and Indonesia and has an R&D facility in Singapore. Toshiba recognizes India as a promising country for developing water-related business in the future, and has been searching for a strategic partner.

This collaboration will enable UEM to grow to greater heights, as it gains access to new geographies and new business segments while retaining its India cost advantage. Along with the agreement, an executive officer from Toshiba will be joining the Company's Board.

IVFA specializes in transforming mid-sized profitable businesses into industry leading companies. IVFA manages over US\\$1.2 billion for investment in India.