Ovivo's Electronics Division Sold to Ecolab: A New Era of Growth Begins

Ovivo's New Dawn: Sale of Electronics Division to Ecolab

In a pivotal moment for both companies, Ovivo Water Inc. has finalized the sale of its Electronics division to Ecolab, a leader in sustainability and water solutions. This agreement, valued at approximately 2.4 billion Canadian dollars, signifies a major turning point not only for Ovivo but also for Ecolab as they incorporate this innovative division into their global operations.

A Strategic Move

The transfer of ownership opens fresh avenues and exciting prospects for the Electronics division within Ecolab's extensive platform. For Ovivo, this marks the onset of an ambitious growth strategy focusing on its core operational areas: the Municipal, Industrial, PFAS division, the Energy division, and the Cembrane SiC membrane division. This strategic pivot aims to enhance Ovivo’s position in the water treatment sector by concentrating on its core strengths.

Marc Barbeau, the President and CEO of Ovivo, expressed gratitude towards the employees of the Electronics division, acknowledging their hard work and dedication over the years that led to this successful sale. He emphasized the collaborative efforts that positioned the division as a recognized leader in providing ultra-pure water and wastewater systems to the global electronics industry.

Moving Forward with Confidence

Ecolab’s acquisition aims to further leverage the innovative capabilities of the Electronics division, ensuring it continues to advance under Ecolab's stewardship. Barbeau’s confidence in the division's future under Ecolab is evident, noting that they are well-equipped to excel and evolve in this new chapter.

Reinhard Huebner, CEO of SKion Water, also highlighted the importance of this transition. SKion Water, which oversees Ovivo, is committed to driving growth within Ovivo’s Municipal, Energy, and Cembrane businesses. The strategic acquisition is expected to not only bolster Ovivo's portfolio but also expand its industrial presence, particularly in North America through selective acquisitions.

The Legacy of Innovation

With over 150 years of expertise in water treatment, Ovivo has established itself as a formidable name in providing technical solutions for various water-related challenges. Their offerings range from conventional to highly advanced technological solutions, thereby catering to numerous markets including industrial and municipal sectors. Ovivo prides itself on delivering environmentally sustainable and cost-effective solutions, and this acquisition by Ecolab is expected to only enhance its mission.

Continuing its role within the SKion Water portfolio, Ovivo is poised for further innovation and growth, establishing a stronger market presence. The next few months will see a renewed focus on collaboration and integration of functions within the company to capitalize on shared expertise.

Conclusion

The completion of this transaction heralds not just a new chapter for Ovivo but also reflects the synergies possible when two leading companies in their fields come together. As Ovivo embarks on its next phase, stakeholders can anticipate exciting developments and a renewed commitment to excellence in the water treatment industry. This strategic maneuvering illustrates Ovivo's adaptability and foresight in an ever-evolving market, paving the way for sustained growth and innovation.