ERISER opens new horizons with the arrival of the Columbus 1 fund

HASAs an irrigation practitioner in the irrigation professions, ERISER chose very early to equip itself with a department of hydraulic and technical studies considered one of the most advanced in Morocco, participating in the technological leap forward in the irrigation professions to national level.

With this investment, Red Med Private Equity aims to benefit from ERISER’s expertise in the management of large hydraulic projects and provide the company with the resources to tackle the global water value chain. “Through this investment, the Columbus 1 Fund is part of national initiatives for the management of risks related to water stress, providing ERISER with financial, industrial and technological capabilities that will allow it to expand its national and regional presence in “local irrigation” strengthening, drinking water management, hydromechanical equipment and pumping stations, solar pumps and desalination,” said Abdeslam Ababou, president of Red Med Private Equity.

The development project also includes an industrial integration of ERISER, giving it the autonomy and capabilities necessary to accelerate the development of its activities.

“The industrial integration project will enable ERISER to internalize the production of almost 35% of its equipment and input purchases, thus increasing its level of autonomy and its ability to address a broader spectrum of hydraulic projects and water resources ” said Zouhair Seffar , founder and director of ERISER.

Furthermore, the Columbus 1 fund intends to support the company in its institutional process, while consolidating its DNA as a family-owned, environmentally responsible and socially committed company. “In addition to the strategic and financial rationale, our investment is also aimed at supporting ERISER in the transition to the best operational and governance standards, implementing an ESG strategy to enable ERISER to ultimately profile itself as a national player and regional leader in the management of water-related projects,” underlined Mohamed Nasset, Managing Director of Red Med Private Equity.