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

Ovivo Completes Sale and Looks Ahead

Ovivo Water Inc., a global leader in water and wastewater treatment technologies, has officially concluded the sale of its electronics division to Ecolab, a prominent player known for its sustainability solutions. This acquisition, valued at approximately CAD 2.4 billion, signifies not only a financial transition but also the beginning of a transformative growth era for Ovivo.

A Vital Milestone

The sale marks a pivotal moment in Ovivo’s journey, allowing the company to refocus its operational objectives and streamline its business around three core pillars: municipal, industrial, and energy-related applications, particularly those involving PFAS treatment and Cembrane SiC membranes.

Marc Barbeau, the President and CEO of Ovivo, expressed profound gratitude towards the employees in the electronics division for their dedication and innovation over the last decade, helping establish the business as a respected provider within the electronics industry. He is optimistic about their potential to thrive within Ecolab’s operational framework, urging them to seize opportunities in this new chapter.

Focus on Future Growth

SKion Water, the parent company of Ovivo, maintains a strategic vision that emphasizes organic and inorganic growth. This aligns with Ovivo’s mission to enhance its presence in North America, aiming for strategic acquisitions that bolster its capabilities in key market sectors. Over the upcoming months, SKion Water plans to intensify collaboration across its portfolio, enhancing synergies that leverage combined expertise.

Reinhard Hübner, the CEO of SKion Water, echoed Barbeau’s sentiments, thanking the electronics team for their remarkable contributions and industrial expertise. He emphasized that the next phase for Ovivo will involve accelerating overall growth while focusing on integrating the corporate functions of both Ovivo and SKion Water for maximum efficiency.

Ovivo's Commitment to Innovation

Ovivo has a storied history of over 150 years in the water treatment space, recognized for its strong brand and expertise in developing advanced water purification systems. With a commitment to innovation, the company strives to provide cost-effective, energy-efficient, and environmentally friendly solutions tailored to the needs of both industrial and municipal markets.

The integration of these new operational focuses marks not only a significant phase in Ovivo's strategy but also reinforces the company’s commitment to addressing critical challenges in water treatment today. As the world increasingly values sustainability, Ovivo’s capabilities will be critical in delivering state-of-the-art solutions that meet diverse environmental compliance needs globally.

Conclusion

As Ovivo embarks on this new trajectory post-sale, it stands poised for considerable expansion amidst evolving industry demands and a heightened emphasis on water sustainability. The leadership, notably Barbeau and Hübner, are confident in their team’s expertise and readiness to navigate the new landscape, ensuring that Ovivo remains a key player in the future of water treatment solutions worldwide. Follow Ovivo’s exciting developments through their official channels as they continue to innovate and evolve for a sustainable future.