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Waterleau Acquires Ecovation and Krofta
ECOVATION is a key-player in water and wastewater treatment offering Design and Build solutions to North American customers in various industries. ECOVATION's technology portfolio includes turn-key solutions for aerobic as well as anaerobic biological wastewater treatment, integrating the complete treatment process. Access to WATERLEAU's portfolio of environmental technologies and services will allow ECOVATION, operating from Victor NY, to expand its range of treatment solutions and strengthen its position on the North American market.
KROFTA Technologies, founded by Dr. Krofta in 1953 and based in Dalton MA, designs and supplies Dissolved Air Flotation (DAF) clarifiers for wastewater treatment. KROFTA is a world leader in DAF technology with more than 3,500 installations running successfully over the world. WATERLEAU sees great opportunity in marketing the renowned KROFTA designs to its global customer base.
The KROFTA and ECOVATION teams will maintain their good working relationship with the ECOLAB organization and continue to support their customers.
Bart Goedseels, CEO of Waterleau comments: "This acquisition is a new milestone in the expansion of the WATERLEAU GROUP after the recent acquisition of IBH Waste-to-Energy Engineering Consultants and KARY-PLANQUA, the Germany based water, wastewater and biomass treatment solutions provider. Through a combination of organic growth and multiple acquisitions in recent years, WATERLEAU has evolved into a global player with a portfolio of complementary and proprietary technology in all fields of environmental protection: water, air, waste treatment and energy recovery."
In its latest acquisition, WATERLEAU GROUP is joined by BMI-SBI, the Belgian semi-public investment company co-financing and supporting this transaction.
Waterleau is a provider of environmental technologies to both industrial and public clients, offering a complete portfolio of solutions for WATER, AIR and WASTE treatment as well as solutions for ENERGY RECOVERY from wastewater, organic and solid waste. The Waterleau scope of services includes the design, engineering, building, operation and maintenance of turn-key treatment plants. Operating from Belgium and with offices worldwide, Waterleau counts more than 2,000 references in all fields of environmental protection.
BMI-SBI, or the Belgian Corporation for International Investment, is a semi-public investment company established in 1971 which provides medium to long term co-financing (equity/quasi equity) and knowhow for international investments by Belgian companies. Financing is usually done on local/subsidiary level and this for both greenfield projects as well as expansion or acquisition projects. Its main shareholders are the Federal Investment Participation company (FPIM-SFPI), the National Bank of Belgium, BNP Paribas Fortis, ING and Electrabel.