Watersprint Enhances Global Water Treatment Presence with Acuva Acquisition
Deal News | Jan 14, 2025 | PR Newswire Cision Watersprint AB
Watersprint AB, a leading Swedish provider of advanced LED UVC water disinfection technology, has acquired the assets of Canadian firm Acuva Technologies. This acquisition follows Acuva's bankruptcy and includes its patented IntenseBeam™ technology known for its energy-efficient water purification systems. Watersprint aims to integrate Acuva's technology into its offerings, enhance its market presence, and cater to diverse client needs across residential and OEM applications. The acquisition is viewed as a move to fortify Watersprint's position in the global water treatment market by advancing its technological capabilities and expanding its customer base in Europe and North America. André Carlsson, CEO of Watersprint, and Tove Janzon, Chair of the Board, expressed excitement over the incorporation of Acuva’s innovative solutions and its team into Watersprint. This strategic acquisition is expected to facilitate Watersprint's future growth and innovation.
Sectors
- Water Technology
- Technology
Geography
- Sweden – Watersprint AB is based in Sweden and is executing the acquisition from this location.
- Canada – The acquired company, Acuva Technologies, was based in Canada before its bankruptcy.
- Europe – A key market for Watersprint's expanded operations post-acquisition.
- North America – Targeted for additional expansion by Watersprint following the acquisition.
Industry
- Water Technology – The article discusses a transaction involving companies specialized in water purification and treatment technologies.
- Technology – Involves the acquisition of intellectual property and advanced technology pertaining to water disinfection.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Watersprint AB | Acquirer | Company | A Swedish company specializing in LED UVC water disinfection technology. |
| Acuva Technologies | Target Company | Company | A Canadian company known for its IntenseBeam™ water purification technology, acquired by Watersprint. |
| André Carlsson | CEO | Person | CEO of Watersprint, involved in the strategic decision of the acquisition. |
| Babak Adeli | Former VP of R&D at Acuva | Person | Former executive at Acuva, joining Watersprint post-acquisition. |
| Tove Janzon | Chair of the Board | Person | Chair of the Board for Watersprint, commenting on the strategic significance of the acquisition. |