Ovivo Water Inc., a global provider of water and wastewater treatment equipment, technology, and systems, and its shareholder SKion Water GmbH, are pleased to announce the successful completion of the sale of Ovivo’s Electronics division to Ecolab, a global sustainability leader offering water, hygiene and infection prevention solutions and services. As previously disclosed, the transaction is based on an enterprise valuation of approximately 2.4 billion Canadian dollars for the division.
This transaction marks a significant milestone in Ovivo’s history. It opens new perspectives and opportunities for the Electronics division within Ecolab’s global platform, while spearheading a new phase of growth for Ovivo focused on its three operational pillars: the Municipal/Industrial/PFAS division, the Energy division, and the Cembrane SiC membrane division.
“I want to sincerely thank all the employees of the Electronics division for their outstanding contributions throughout this remarkable growth journey over the past decade. Through teamwork and innovation, they have built world-class expertise and capabilities, establishing the division as one of the most recognized providers of ultra-pure water and wastewater systems servicing the global electronics industry. I am confident that, as part of Ecolab, they will continue to thrive and reach new heights. I wish them continued success in this exciting next chapter,” said Marc Barbeau, President and Chief Executive Officer of Ovivo.
“SKion Water continues to pursue its growth strategy, with Ovivo playing a key role within our portfolio. The next phase of Ovivo will be focused on accelerating both organic and inorganic growth across its Municipal, Energy, and Cembrane businesses, while expanding its industrial footprint in North America through strategic acquisitions in key sectors. In the coming months, we will also strengthen collaboration across the SKion Water portfolio and further integrate the corporate functions of SKion Water and Ovivo, enabling us to fully leverage our in-house expertise. Finally, I join Marc in expressing my heartfelt thanks to all the employees of the Electronics division for their dedication and contributions to this remarkable success over the years,” said Reinhard Huebner, CEO of SKion Water.
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