Acquisitions: Is the water industry heading toward the rapids, or simply meandering along?
By Mike Henley
Rivers. Unlike lakes, ponds or swamps, a river or other type of stream in the wild is ever changing. If one goes back to the same location even a few years later the banks may have changed because of erosion or flooding. While one must be careful with analogies, in many ways it seems appropriate that the water business could be compared to a river because it, too, is ever changing.
Recently, there has been news about water business acquisitions or other industry company changes. Consider the following:
- In July and August, Evoqua Water Technologies announced two purchases: Delta Ultraviolet Corp. (August) and VAF Filtration Systems (July)—both in conjunction with its Neptune Benson business, which itself officially joined the Evoqua family in April.
- Ovivo Inc., which trades on the Toronto Stock Exchange, announced plans in July to become a privately held company through a deal in which SKion GmbH and Caisse de dépôt et placement du Québec (la Caisse) will take 100% ownership of Ovivo in a transaction set to be completed Sept. 9th.
- Ecolab Inc., the parent company of Nalco Water, announced buying a minority ownership in Aquatech International (July).
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