Evoqua Strengthens Presence in Chemical-Free Disinfection Market with Acquisition of ATG UV.
M2 EQUITYBITES-May 30, 2019-Evoqua Strengthens Presence in Chemical-Free Disinfection Market with Acquisition of ATG UV
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30 May 2019 - Pennsylvania, US-based water treatment solutions provider Evoqua Water Technologies (NYSE: AQUA) has acquired UK-based disinfection systems provider ATG UV Technology Ltd. (ATG UV) to expand Evoqua's UV offerings in the water treatment market, the company said.
Terms of the deal were not disclosed.
Evoqua said the acquisition will expand its reach to new geographies consistent with the company's acquisition strategy.
The acquisition of ATG UV marks the first transaction in 2019 and the 13th acquisition by Evoqua. The brand will join Evoqua's portfolio of disinfection brands, which include Wallace and Tiernan systems, Delta UV products and Pacific Ozone products and solutions.
Evoqua Water Technologies is a manufacturer of ultraviolet light disinfection systems used in a wide range of municipal, aquatics and industrial applications.
The company operates in more than 160 locations across nine countries.
UV technology is a chemical-free disinfection technology widely used across the globe.
ATG UV serves the municipal, marine, food and beverage, oil and gas, aquatics and aquaculture markets and is the exclusive technology supplier to Evoqua's ETS-UV product line in North America.
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|Publication:||M2 EquityBites (EQB)|
|Date:||May 30, 2019|
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