Ovivo Inc. ("Ovivo"), a global provider of water and wastewater treatment equipment, technology and systems and its shareholder SKion Water GmbH ("SKion Water"), have announced that they have entered into a definitive agreement to sell Ovivo's Electronics division to Ecolab, a global sustainability leader offering water, hygiene and infection prevention solutions and services.
Based in Saint Paul, Minnesota, USA, Ecolab is traded on the New York Stock Exchange and operates in more than 170 countries with 48,000 employees. The transaction has an enterprise valuation of approximately 2.4 billion Canadian dollars and is expected to close in the first quarter of 2026, subject to the parties obtaining regulatory clearance and satisfaction of other customary closing conditions.
This transaction will be a milestone in the history of Ovivo. It will open new perspectives and opportunities for the Electronics division within Ecolab and be the start of a new phase for Ovivo, driving its success further by accelerating progress across its three operational pillars: the Municipal/Industrial/PFAS division, the Energy division and Cembrane SiC membrane division.
"This transaction is a testament to the world leading market position that our Electronics division has built over the last decades,” said Marc Barbeau, President and Chief Executive Officer of Ovivo.
“Through teamwork and innovation, a team with unmatched knowledge and capabilities has been created. Becoming part of Ecolab will lay the foundation for the next level of development for the division and its employees.
“For the Municipal/Industrial/PFAS, Energy and Cembrane divisions, this transition will be the start of a new growth phase.'' SKion Water CEO, Reinhard Huebner, added: "SKion Water will continue its growth strategy.
“At Ovivo our focus will be to accelerate organic growth in the Municipal, Energy and Cembrane business and to build out our industrial business in North America through acquisitions. This transition also creates an opportunity for us to strengthen the collaboration across the SKion Water portfolio.
“In addition, we will bring closer together the corporate functions of SKion Water and Ovivo to leverage our in-house expertise.'' Ovivo was advised by McCarthy Tétrault LLP as legal counsel.
