Josab Water Solutions AB signed term sheet to acquire Clear Industry Co. Ltd. for approximately CNY 130 million.

Josab Water Solutions AB (publ), formerly Josab International AB (publ), is a Sweden-based company that develops, manufactures and sells water purification solutions. The Company primarily focuses on producing pure drinking water from polluted freshwater sources. Its chemical-free water purification solutions are based on the filter material Aqualite, a mineral which is obtained from the Company's Ratka Mine in Mad, Hungary. The Company delivers its products to such market segments, as producers of bottled water, market gardeners, private households and international aid organizations, as well as manufacturers of oily bilge water separators. The Company's product line covers a number of different application areas, such as irrigation systems, swimming pools, process water, fish farming, filters, ground water purification and construction sites. It is primarily active in Europe, India and China.