Vortex Companies Bolsters Manufacturing with ETECAS Acquisition
Deal News | Jan 02, 2025 | PR Newswire Cision Vortex Companies
The Vortex Companies, LLC, a leading provider of trenchless water and sewer technologies, has announced the acquisition of ETECAS UG. ETECAS, based in Dietmannsried, Germany, specializes in the development and manufacturing of equipment for the trenchless pipeline rehabilitation industry, with a strong focus on UV curing technology. This strategic acquisition aims to enhance Vortex's manufacturing capabilities, particularly in the UV solutions segment, and supports its broader vision of offering comprehensive trenchless infrastructure renewal solutions. Mike Vellano, CEO of Vortex, emphasized the acquisition's role in strengthening their total solution approach to the market, while Alexander Spies, CEO of ETECAS, expressed enthusiasm for the partnership with Vortex. The financial terms of the deal have not been disclosed.
Sectors
- Trenchless Technology
- Manufacturing
Geography
- United States – Vortex Companies is headquartered in Houston, Texas, and operates globally from its base in the United States.
- Germany – ETECAS UG, the acquired company, is based in Dietmannsried, Germany, highlighting the international scope of the acquisition.
Industry
- Trenchless Technology – The article discusses companies involved in the trenchless rehabilitation industry, focusing on pipeline and sewage infrastructure repair without the need for excavation.
- Manufacturing – Vortex's acquisition of ETECAS emphasizes the expansion of its in-house manufacturing capabilities, particularly in regard to UV technology solutions.
Financials
- Not Disclosed – The financial details regarding the acquisition of ETECAS by Vortex Companies have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vortex Companies, LLC | Acquirer | Company | A leading provider of advanced trenchless water and sewer technologies aimed at renewing municipal, industrial, and commercial infrastructure. |
| ETECAS UG | Target Company | Company | A German-based company specializing in the development and manufacturing of trenchless rehabilitation and UV curing equipment. |
| Mike Vellano | CEO of Vortex Companies | Person | CEO of Vortex Companies who emphasizes the strategic importance of the ETECAS acquisition. |
| Alexander Spies | Founder and CEO of ETECAS | Person | Founder and CEO of ETECAS, who expresses pride in partnering with Vortex Companies. |