Watersprint Acquires Acuva Technologies' Assets
Deal News | Jan 14, 2025 | PR Newswire Cision Watersprint AB
Watersprint AB, based in Lund, Sweden, has acquired all assets of Acuva Technologies following Acuva's recent bankruptcy. This acquisition includes Acuva's intellectual property and is expected to strengthen Watersprint's position in the global water treatment sector, particularly in markets such as residential point of use, point of entry, and OEM applications. Acuva, a Canadian company, was known for its patented IntenseBeam™ Technology and provided advanced, energy-efficient UVC LED water purification systems. Watersprint aims to leverage Acuva's technology, continuing to produce innovative water treatment products to meet diverse customer needs. Watersprint CEO André Carlsson and board chair Tove Janzon expressed enthusiasm for integrating Acuva's technology and customer base into Watersprint's offerings. The acquisition will facilitate Watersprint's expansion across Europe and North America, enhancing its product portfolio and welcoming experienced personnel from Acuva into its team.
Sectors
- Water Treatment Technology
- Intellectual Property
- Bankruptcy and Acquisition
Geography
- Sweden – Watersprint AB is based in Lund, Sweden, hence the acquisition's significance to the region.
- Canada – Acuva Technologies was a Canadian company, indicating the international aspect of the acquisition.
- Europe – Watersprint aims to expand its market presence across Europe following the acquisition.
- North America – The acquisition facilitates Watersprint's expansion in North American markets, targeting new customer bases.
Industry
- Water Treatment Technology – The article discusses Watersprint AB's acquisition of Acuva Technologies, both of which are involved in water treatment technologies, particularly using UVC LED disinfection.
- Intellectual Property – The acquisition involves the transfer of intellectual property from Acuva Technologies to Watersprint AB, highlighting the significance of proprietary technologies in business transactions.
- Bankruptcy and Acquisition – The acquisition follows the bankruptcy of Acuva Technologies, illustrating how asset acquisition can be a strategic move in the wake of a company's financial distress.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Watersprint AB | Acquirer | Company | A Swedish company specializing in UVC LED water disinfection systems, acquiring the assets of Acuva Technologies. |
| Acuva Technologies | Target | Company | A Canadian company known for its advanced UVC LED water purification technology, acquired by Watersprint AB after bankruptcy. |
| André Carlsson | CEO of Watersprint | Person | The CEO of Watersprint, involved in the acquisition of Acuva Technologies' assets. |
| Babak Adeli | Former VP of Research & Development at Acuva | Person | Former Acuva executive who expressed commitment to continuing innovative work with Watersprint. |
| Tove Janzon | Chair of the Board | Person | Chair of the Board at Watersprint, noted for positive remarks regarding the acquisition and future integration. |