Inversiones Mundial acquires four Latin American pipeline firms

- Tuesday, August 2, 2011

Inversiones Mundial acquires four Latin American pipeline firms

Colombian chemical holding company Inversiones Mundial has spent US$9.6mn to become the majority shareholder in four Latin American pipeline companies, the company said in a release.

After buying 30% of Amitech Argentina, 15% of Amitech Mexico and 30% of Amiantit Pipe Systems Mexico, Inversiones Mundial now holds 100% of each of the three companies through its subsidiary O-tek Servicios.

The Colombian company also purchased 27.7% of Brazilian pipeline firm Amitech Brazil Tubos, of which it now holds 98.3%.

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The shares were previously owned by Grupo Amiantit.

Earlier this year, Inversiones Mundial acquired Costa Rican firm O-tek Servicios Costa Rica, which installs and repairs potable water pipelines and supplies water tanks.