BWTS firm Techcross buys 100% stake in LG’s water treatment units Busan-based ballast water treatment system company Techcross bought the entire stake in both LG conglomerate’s land-based water treatment units LG-Hitachi Water Solutions and HiEntech for an undisclosed amount on Sept. 26. The two companies were reportedly valued at roughly over a combined 250 billion won ($208.5 million). Techcross declined to comment. The acquisition was closed months after Techcross signed a sales and purchase agreement with LG Electronics in July. Before the sale, LG Electronics owned a 51 percent stake in LG-Hitachi Water Solutions, a joint venture that makes equipment for land-based water treatment, as well as a 100 percent stake in sewage treatment operations HiEntech.SOURCE