Abu Dhabi-based Agthia Group has approved the acquisition of a 100% stake in Riviere Mineral Water Desalination & Filling Factory, including its branches and subsidiaries, through its subsidiary Al Ain Food & Beverages. This strategic move is set to expand Agthia’s footprint in the UAE’s water and food sector, aiming for a revenue increase of approximately 6.5%.
The acquisition is anticipated to be immediately accretive to Agthia’s earnings, delivering both short- and long-term value through cost and revenue synergy opportunities. By integrating Riviere’s operations, Agthia plans to enhance its distribution network and customer base across the UAE, particularly in the home and office delivery segment.
