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Camfil sponsors Swedish pavilion at Expo 2020
NEWS only be achieved in combination with a larger organisation,” said Ted Darton, president and CEO of Genesys. “Our team has been aware of H2O Innovation for many years and consider them as the perfect partner. They will maintain the family feel that Genesys has developed by looking after its staff and distributors. As there are significant areas of synergy for both companies, we fully endorse the acquisition knowing it will be highly beneficial to all those involved.” The acquisition will be financed through a committed credit facility as well as from an equity offering for gross proceeds of at least C$22 million. For further information, visit www.h2oinnovation.com and www.genesysro.com
capital raised by the placement will fund the increases in assembly capacity and working capital necessary to drive future growth related to the three significant partnerships announced in China for our proprietary MABR products.” “Additionally, we are encouraged by demand for our pre-engineered Smart Products Solutions in other geographies and will use a portion of the proceeds for expansion of our sales efforts in target markets,” added Charrabé. “We believe the water and wastewater treatment market has reached an inflection point of accepting our decentralised solutions and that now is the right time to capitalise on this momentum by fortifying the balance sheet and accelerating execution of the strategic vision.”
committed as ever to this value. We’re proud to be part of this incredible industry which provides happiness and wellbeing to millions and it’s been an honour sharing our journey with all our customers around the world.” “With a 50-year heritage of excellence, this is just the beginning,” added Planes. Fluidra recently held a special water show for customers in Barcelona to celebrate the company’s 50th anniversary. About 900 people attended the light and music show, which told Fluidra’s story over the past five decades and showcased the company’s technological solutions, including underwater LED lighting, dynamic water screens, multi-directional nozzles, and parabolic and dancing fountains. For further information, visit www.fluidra.com
For further information, visit www.fluencecorp.com
Fluence raises A$36.0mn to fund continued expansion
F
luence Corp Ltd has raised A$36.0 million through a placement of approximately 81.8 million of the company’s ordinary shares to sophisticated and professional institutional investors at an issue price of A$0.44 per share. Net proceeds from the placement will be used to fund Fluence’s continued expansion in China for MABR sales, to bolster geographic expansion, for CES projects guarantees, to optimize the business’s cost structure, as well as for general corporate purposes. The company is also offering a Share Purchase Plan (SPP) to eligible shareholders to raise up to a further A$6 million before costs. “We are very appreciative of the continued support we have received from existing investors and are pleased to welcome more than a dozen new Australian institutional investors to the register,” said Henry Charrabé, managing director and CEO of Fluence. “A substantial portion of the
October 2019
Fluidra celebrates 50th anniversary
S
panish pool equipment company Fluidra is marking 50 years in business. Established in 1969 as Astral SA by four founding families, today Fluidra operates internationally across both the residential and commercial pool & wellness markets. Following initial success in Spain, the company began its international expansion during the 1970s in France and Italy. The 1980s and 1990s saw the company consolidate its business in Spain and expand internationally, opening subsidiaries across Europe and the Middle East. Banco Sabadell acquired 20% of the company’s share capital in 2002. In 2007, the company went public when Fluidra listed on the Spanish Stock Exchange. In 2018, Fluidra merged with Zodiac (see Filtration Industry Analyst, July 2018). “Since our humble beginnings 50 years ago, putting our customer first has been a core value at Fluidra,” said Fluidra executive chairman Eloi Planes. “Our company has grown dramatically over the years, but we remain as
Camfil sponsors Swedish pavilion at Expo 2020
C
amfil, the Swedish manufacturer and supplier of air filters and clean air solutions, is sponsoring Sweden’s pavilion at the Expo 2020 exhibition in Dubai, United Arab Emirates. Expo 2020 Dubai, which runs from 20 October 2020 to 10 April 2021, is expected to welcome millions of visitors from around the world with almost 200 countries participating in the event. Showing the very best of Swedish innovation, Sweden’s 2700 sq m pavilion includes a general exhibition section, a closed conference area, a shop and a café as well as office and staff areas. The theme of the Swedish pavilion, which is made entirely from wood, is the forest. Camfil’s sponsorship of the Swedish pavilion is in collaboration with its partner, Systemair Group, which is supplying the air handling units that will showcase Camfil’s filters and air cleaners. For further information, visit www.camfil.com and www.expo2020dubai.com
Filtration Industry Analyst
3
capital raised by the placement will fund the increases in assembly capacity and working capital necessary to drive future growth related to the three significant partnerships announced in China for our proprietary MABR products.” “Additionally, we are encouraged by demand for our pre-engineered Smart Products Solutions in other geographies and will use a portion of the proceeds for expansion of our sales efforts in target markets,” added Charrabé. “We believe the water and wastewater treatment market has reached an inflection point of accepting our decentralised solutions and that now is the right time to capitalise on this momentum by fortifying the balance sheet and accelerating execution of the strategic vision.”
committed as ever to this value. We’re proud to be part of this incredible industry which provides happiness and wellbeing to millions and it’s been an honour sharing our journey with all our customers around the world.” “With a 50-year heritage of excellence, this is just the beginning,” added Planes. Fluidra recently held a special water show for customers in Barcelona to celebrate the company’s 50th anniversary. About 900 people attended the light and music show, which told Fluidra’s story over the past five decades and showcased the company’s technological solutions, including underwater LED lighting, dynamic water screens, multi-directional nozzles, and parabolic and dancing fountains. For further information, visit www.fluidra.com
For further information, visit www.fluencecorp.com
Fluence raises A$36.0mn to fund continued expansion
F
luence Corp Ltd has raised A$36.0 million through a placement of approximately 81.8 million of the company’s ordinary shares to sophisticated and professional institutional investors at an issue price of A$0.44 per share. Net proceeds from the placement will be used to fund Fluence’s continued expansion in China for MABR sales, to bolster geographic expansion, for CES projects guarantees, to optimize the business’s cost structure, as well as for general corporate purposes. The company is also offering a Share Purchase Plan (SPP) to eligible shareholders to raise up to a further A$6 million before costs. “We are very appreciative of the continued support we have received from existing investors and are pleased to welcome more than a dozen new Australian institutional investors to the register,” said Henry Charrabé, managing director and CEO of Fluence. “A substantial portion of the
October 2019
Fluidra celebrates 50th anniversary
S
panish pool equipment company Fluidra is marking 50 years in business. Established in 1969 as Astral SA by four founding families, today Fluidra operates internationally across both the residential and commercial pool & wellness markets. Following initial success in Spain, the company began its international expansion during the 1970s in France and Italy. The 1980s and 1990s saw the company consolidate its business in Spain and expand internationally, opening subsidiaries across Europe and the Middle East. Banco Sabadell acquired 20% of the company’s share capital in 2002. In 2007, the company went public when Fluidra listed on the Spanish Stock Exchange. In 2018, Fluidra merged with Zodiac (see Filtration Industry Analyst, July 2018). “Since our humble beginnings 50 years ago, putting our customer first has been a core value at Fluidra,” said Fluidra executive chairman Eloi Planes. “Our company has grown dramatically over the years, but we remain as
Camfil sponsors Swedish pavilion at Expo 2020
C
amfil, the Swedish manufacturer and supplier of air filters and clean air solutions, is sponsoring Sweden’s pavilion at the Expo 2020 exhibition in Dubai, United Arab Emirates. Expo 2020 Dubai, which runs from 20 October 2020 to 10 April 2021, is expected to welcome millions of visitors from around the world with almost 200 countries participating in the event. Showing the very best of Swedish innovation, Sweden’s 2700 sq m pavilion includes a general exhibition section, a closed conference area, a shop and a café as well as office and staff areas. The theme of the Swedish pavilion, which is made entirely from wood, is the forest. Camfil’s sponsorship of the Swedish pavilion is in collaboration with its partner, Systemair Group, which is supplying the air handling units that will showcase Camfil’s filters and air cleaners. For further information, visit www.camfil.com and www.expo2020dubai.com
Filtration Industry Analyst
3