Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 7:46 AM
Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.
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Slide #59. H2O Innovation Inc. — Piedmont Pacific Corporation
Acquirer:
H2O Innovation Inc. (TSE:HEO.CA)
Acquiree:
Piedmont Pacific Corporation
Details:
H2O Innovation Inc. ("H2O Innovation" or the "Company") announces the signature of an agreement to purchase all of the issued and outstanding shares of Common Stock of Piedmont Pacific Corporation ("Piedmont"), a company located in Oakland, CA and one of the leading manufacturers in the world of flexible pipe couplings and other pipe fittings for highly corrosive environments, for a total consideration of approximately $4.0 million (US$ 3.8 million) (the "Acquisition").
H2O Innovation designs, manufactures, and markets water treatment equipment and systems for the production of drinking water, the reclamation of water, desalination, the production of industrial process water and the treatment of wastewater (sanitary and industrial). Co. also offers services such as after-sales, consumables and maintenance solutions for membrane filtration and reverse osmosis systems. In addition, Co. is engaged in manufacturing and equipment distribution operations for the maple industry.
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