#Canada #Montreal #Ecolab #SKion Water #Ovivo Water

Ovivo's Major Step Forward: Transitioning from Electronics

Ovivo Water Inc., a well-established global provider of water and wastewater treatment solutions, has recently finalized the sale of its electronics division to Ecolab, a leader in sustainable water and hygiene solutions. This transaction, valued at around CAD 2.4 billion, is expected to reconfigure both companies' operational frameworks significantly.

A Shift in Strategic Focus

This sale marks a critical juncture in Ovivo's journey, opening up new opportunities within Ecolab's expansive platform. Ovivo's future strategy will concentrate on its three operational sectors: the Municipal/Industrial/PFAS division, the Energy division, and the Membrane Cembrane SiC division. The company aims to further strengthen its market position by leveraging Ecolab's resources and expertise.

Marc Barbeau, Ovivo's President and CEO, expressed his gratitude towards the Electronics division employees for their exceptional contributions over the past decade. He emphasized the team's dedication, innovation, and collaborative spirit, which allowed Ovivo to establish itself as a leading provider of ultra-pure water systems particularly suited for the global electronics industry. Barbeau is optimistic that the team will continue to thrive within Ecolab, pushing the boundaries of innovation and excellence further.

Future Growth Plans

SKion Water GmbH, which holds a significant stake in Ovivo, reiterated its commitment to a growth strategy that empowers Ovivo during this transition. The focus will be on organic and inorganic growth strategies in the municipal, energy, and membrane markets while expanding Ovivo's industrial reach in North America through strategic acquisitions.

Reinhard Huebner, CEO of SKion Water, highlighted the integration of business functions between SKion Water and Ovivo. This integration is set to enhance their operational efficiency and innovation capacity. He also echoed Barbeau’s sentiments, recognizing the employees' hard work and dedication.

About Ovivo

Ovivo Water Inc. is a prominent global entity specializing in water purification and wastewater treatment technologies. With over 150 years of experience, Ovivo is recognized for its patented products and innovative technology in the water treatment sector. The company serves both industrial and municipal markets and is committed to delivering sustainable, cost-effective solutions.

Operating as a leading brand under the umbrella of SKion Water GmbH, Ovivo employs nearly 700 water treatment experts worldwide. The company continues to prioritize innovation in a rapidly evolving industry, ensuring that its offerings remain environmentally sustainable and energy-efficient.

For more information, visit www.ovivowater.com. Follow us on LinkedIn @Ovivo and on Facebook @Ovivo.

Key Takeaways

The sale to Ecolab not only reflects Ovivo's commitment to adapting to industry trends but also highlights the potential for solving contemporary water-related challenges. As they embark on this new chapter, both companies expect to unlock significant value for their stakeholders while driving innovation in water treatment technologies.