ACQUISITIONS
- From: Vol 4, Issue 12 (December 2003)
- Category: Need to know
- Region: Unspecified
- Country: Germany and United States
- Related Companies: AS Tallinna Vesi, Ecolochem, Everpure, International Water (IWL), Ionics, ITT Industries, Pentair, Przedsiebiorstwo Komunalne Aqua, Sofijska Voda AD, United Utilities, US Filter and Wedeco
ITT Industries continued to build its position in the water sector with the 3 million acquisition of Wedeco, a German manufacturer of ozone oxidation and ultraviolet (UV) disinfection equipment.
Wedeco will become part of ITT’s fluid technology group which has 11,000 employees, 32 production facilities around the world and a claim to market leadership of the water treatment systems sector. Wedeco is said to be the market leader in its niche. Some observers suggest that the deal shows growing interest in the water sector among diversified industrial ...
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