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Aquarion adds to water technology portfolio with Hager + Elsaesser acquisition
filtration
industryANALYST ISSN 1365-6937 July 2014
www.filtrationindustryanalyst.com
Aquarion adds to water technology portfolio with Hager + Elsaesser acquisition
S
wiss EPC solutions provider Aquarion Group has bought the assets of German water technology company Hager + Elsaesser GmbH. Hager + Elsaesser’s flagship technologies include proprietary biological, thermal and membrane solutions for the semiconductor and microelectronics, power generation, petrochemical (downstream), solar, pulp and paper, food and beverage production, and pharmaceutical industries. Based in Stuttgart, Hager + Elsaesser has an assembly workshop in Dresden, Germany and subsidiaries in the UK, Malaysia, the Philippines, Singapore and Thailand. “This acquisition is an important development for Aquarion, enhancing our portfolio of technologies and solutions, expanding our presence around the world, and adding the expertise and experience of this
world-leading company to our existing team,” said Aquarion CEO Karl Michael Millauer. Thomas Will, chief operating officer of Aquarion AG and former managing director of Hager + Elsaesser, will run Hager + Elsaesser as its CEO. For further information, visit www.aquarion-group.com and www.hager-elsaesser.com
COMMENT With the acquisition of Hager + Elsaesser, Aquarion is now a major player in the global water treatment business with annual revenues of more than 70 million. Other Aquarion Group companies include Aquarion Water GmbH in Germany, GEMWATER srl in Italy and H2Oil & Gas Ltd in Scotland. ■
LiqTech to purchase Provital Solutions
L
iqTech International Inc has signed a definitive agreement to acquire the operations of Provital Solutions A/S, a Danish water solutions company specialising in integrated filtration solutions for the swimming pool and spa markets. Hobro, Denmark-headquartered Provital Solutions was set up in 2009 to sell filtration solutions based exclusively on LiqTech’s ceramic membranes for the pool and spa industry. As well as designing and supplying large SiC liquid membrane systems for pools and aquaculture operators, Provital Solutions has also developed a UV hybrid disinfection technology. Provital Solutions has a sales network covering strategic regions including Scandinavia, North America and Australia, and had sales of US$2.5 million in 2013. LiqTech will acquire 100% of Provital Solutions for LiqTech shares with an
equivalent value of DKK33.6 million (US$6.1 million) and cash equalling DKK12.6 million (US$2.3 million). “Our acquisition of Provital Solutions is an important strategic and business decision. We have been very impressed with the strong growth of the company based on the significant value proposition that Provital offers to its customers, and we look forward to captializing on the complementary strengths that we expect will accelerate sales for the combined company in the future,” said LiqTech chairman Aldo Petersen. LiqTech will use the net proceeds from a recent underwritten public offering to fund a portion of the purchase price for Provital Solutions. For further information, visit www.liqtech.com and www.provital.dk
Contents Company Profile Indutrade Pentair
6 7
Company Watch Cantel Medical Clarcor GLV Lydall Polymer Group PMFG Porvair Sulzer
8 8 9 9 10 10 11 11
Diary
15
Dividends
3
Exchange Rates
16
Financial Calendar
14
In Brief New Product Developments
4 14
News Aquarion adds to water technology portfolio with Hager + Elsaesser acquisition 1 LiqTech to purchase Provital Solutions 1 Outotec denies talk of takeover approach from Weir 2 Suez Environnement invests in Evatherm 2 Mitsubishi companies buy into Metito 2 Neenah Paper seals Crane Technical Materials acquisition 3 Eastman expands microfibers platform 3 Management buyout at Polyester Fibers 3 Amiad expects a return to growth in 2014 3 Innovations drive 2013 growth at GKD 4 New company CNP acquires licence for struvite removal process 4 BluMetric re-mortgages Ottawa real estate 4 Cummins picks architects for distribution HQ competition 5 HaloSource partners with Rain for Rent on water filtration 5 Xylem publishes third annual sustainability report 5 MECO opens new manufacturing plant in Louisiana 5 Outotec strengthens its energy and water treatment operations 16 DESMI secures full ownership of DESMI Ocean Guard 16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/14 © 2014 Elsevier Ltd. All rights reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.
industryANALYST ISSN 1365-6937 July 2014
www.filtrationindustryanalyst.com
Aquarion adds to water technology portfolio with Hager + Elsaesser acquisition
S
wiss EPC solutions provider Aquarion Group has bought the assets of German water technology company Hager + Elsaesser GmbH. Hager + Elsaesser’s flagship technologies include proprietary biological, thermal and membrane solutions for the semiconductor and microelectronics, power generation, petrochemical (downstream), solar, pulp and paper, food and beverage production, and pharmaceutical industries. Based in Stuttgart, Hager + Elsaesser has an assembly workshop in Dresden, Germany and subsidiaries in the UK, Malaysia, the Philippines, Singapore and Thailand. “This acquisition is an important development for Aquarion, enhancing our portfolio of technologies and solutions, expanding our presence around the world, and adding the expertise and experience of this
world-leading company to our existing team,” said Aquarion CEO Karl Michael Millauer. Thomas Will, chief operating officer of Aquarion AG and former managing director of Hager + Elsaesser, will run Hager + Elsaesser as its CEO. For further information, visit www.aquarion-group.com and www.hager-elsaesser.com
COMMENT With the acquisition of Hager + Elsaesser, Aquarion is now a major player in the global water treatment business with annual revenues of more than 70 million. Other Aquarion Group companies include Aquarion Water GmbH in Germany, GEMWATER srl in Italy and H2Oil & Gas Ltd in Scotland. ■
LiqTech to purchase Provital Solutions
L
iqTech International Inc has signed a definitive agreement to acquire the operations of Provital Solutions A/S, a Danish water solutions company specialising in integrated filtration solutions for the swimming pool and spa markets. Hobro, Denmark-headquartered Provital Solutions was set up in 2009 to sell filtration solutions based exclusively on LiqTech’s ceramic membranes for the pool and spa industry. As well as designing and supplying large SiC liquid membrane systems for pools and aquaculture operators, Provital Solutions has also developed a UV hybrid disinfection technology. Provital Solutions has a sales network covering strategic regions including Scandinavia, North America and Australia, and had sales of US$2.5 million in 2013. LiqTech will acquire 100% of Provital Solutions for LiqTech shares with an
equivalent value of DKK33.6 million (US$6.1 million) and cash equalling DKK12.6 million (US$2.3 million). “Our acquisition of Provital Solutions is an important strategic and business decision. We have been very impressed with the strong growth of the company based on the significant value proposition that Provital offers to its customers, and we look forward to captializing on the complementary strengths that we expect will accelerate sales for the combined company in the future,” said LiqTech chairman Aldo Petersen. LiqTech will use the net proceeds from a recent underwritten public offering to fund a portion of the purchase price for Provital Solutions. For further information, visit www.liqtech.com and www.provital.dk
Contents Company Profile Indutrade Pentair
6 7
Company Watch Cantel Medical Clarcor GLV Lydall Polymer Group PMFG Porvair Sulzer
8 8 9 9 10 10 11 11
Diary
15
Dividends
3
Exchange Rates
16
Financial Calendar
14
In Brief New Product Developments
4 14
News Aquarion adds to water technology portfolio with Hager + Elsaesser acquisition 1 LiqTech to purchase Provital Solutions 1 Outotec denies talk of takeover approach from Weir 2 Suez Environnement invests in Evatherm 2 Mitsubishi companies buy into Metito 2 Neenah Paper seals Crane Technical Materials acquisition 3 Eastman expands microfibers platform 3 Management buyout at Polyester Fibers 3 Amiad expects a return to growth in 2014 3 Innovations drive 2013 growth at GKD 4 New company CNP acquires licence for struvite removal process 4 BluMetric re-mortgages Ottawa real estate 4 Cummins picks architects for distribution HQ competition 5 HaloSource partners with Rain for Rent on water filtration 5 Xylem publishes third annual sustainability report 5 MECO opens new manufacturing plant in Louisiana 5 Outotec strengthens its energy and water treatment operations 16 DESMI secures full ownership of DESMI Ocean Guard 16
Orders & Contracts
13
People & Appointments
12
Stock Watch
15
ISSN 1365-6937/14 © 2014 Elsevier Ltd. All rights reserved. This journal and the individual contributions contained in it are protected under copyright by Elsevier Ltd, and the following terms and conditions apply to their use: Photocopying Single photocopies of single articles may be made for personal use as allowed by national copyright laws. Permission of the publisher and payment of a fee is required for all other photocopying, including multiple or systematic copying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are available for educational institutions that wish to make photocopies for non-profit educational classroom use.