Agthia acquires UAE water business Riviere

GlobalData

Tue, Apr 1, 2025, 3:10 AM 1 min read

UAE-based nutrient and drinks institution Agthia Group has acquired section bottled-water concern Riviere Mineral Water Desalination & Filling Factory.

In a statement, Agthia described Riviere arsenic a “strong” marque successful the mainstream market.

Founded successful 2003, Riviere, which has 780 staff, runs 3 bottling plants successful Abu Dhabi and Dubai. The institution besides supplies bureau customers.

Without disclosing figures, Agthia said the acquisition “triples” its household lawsuit basal and “strengthens its operational capabilities”.

The radical expects the acquisition to boost gross of its Water and Food part by astir 6.5%.

In 2024, the part saw its revenues summation to Dh1.08bn ($294m), portion its EBITDA grew by 17.5% to Dh173m.

Announcing the woody for Riviere, Agthia CEO Alan Smith said the institution had seen “strong growth” from its ain h2o business, which includes the Alpin Natural Spring Water and Al Ain Water brands during 2024.

He added: "Entering the mainstream conception allows america to service a broader lawsuit basal portion driving operational efficiencies crossed our network."

Agthia said the acquisition is expected to beryllium “immediately” accretive to earnings, providing "both short- and semipermanent worth done outgo synergies, streamlined operations and shared capabilities".

Riviere co-owner Ali Moideen Kankayel said: “With Agthia’s leadership, standard and operational expertise, Riviere is well-positioned to heighten lawsuit offerings, accelerate growth, and fortify its marketplace presence.”

Agthia saw its radical nett gross emergence 7.7% to Dh4.91bn successful 2024. EBITDA declined by 1.5% to Dh679m but nett net accrued by 7.4% to Dh322m.

"Agthia acquires UAE h2o concern Riviere " was primitively created and published by Just Drinks, a GlobalData owned brand.