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Ovivo to Sell its Electronics Division to Ecolab and Start a New Phase of Growth
Prnewswireยท 2025-08-12 12:05
Core Insights - Ovivo Inc. has entered into a definitive agreement to sell its Electronics division to Ecolab for an enterprise valuation of approximately 2.4 billion Canadian dollars, with the transaction expected to close in the first quarter of 2026, pending regulatory clearance [1][2][3] Group 1: Transaction Details - The sale of the Electronics division is seen as a milestone for Ovivo, providing new opportunities within Ecolab and marking the beginning of a new phase for Ovivo [2][3] - Ecolab, a global leader in sustainability, operates in over 170 countries and has annual sales of US$16 billion, employing approximately 48,000 associates [8] Group 2: Future Strategy - Following the transaction, Ovivo will focus on accelerating organic growth in its Municipal, Energy, and Cembrane divisions, as well as expanding its industrial business in North America through acquisitions [4] - The transition is expected to enhance collaboration across the SKion Water portfolio and strengthen corporate functions between SKion Water and Ovivo [4] Group 3: Company Background - Ovivo is recognized for its expertise in water treatment, with over 150 years of experience and a strong global brand presence [6][7] - The company operates in 18 countries and employs more than 1,500 experts in water treatment, providing innovative and sustainable solutions for both industrial and municipal markets [6][7]