Waterleau acquires Krofta

31-08-2015

WESPELAAR, Belgium, July 30th 2015

WATERLEAU, the Belgian technology provider offering solutions for water, air, waste treatment and energy recovery, has announced today that it has completed the acquisition of the anaerobic biological wastewater treatment plant design and build business of ECOVATION and acquired the membership interests of KROFTA Technologies from Ecolab (NYSE: ECL). With the acquisition, WATERLEAU establishes a strong footprint for the development of its business in the North American market.

KROFTA Technologies, founded by Dr. Krofta in 1953 and based in Dalton MA, designs and supplies Dissolved Air Flotation (DAF) clarifiers for wastewater treatment. KROFTA is a world leader in DAF technology with more than 3,500 installations running successfully over the world. WATERLEAU sees great opportunity in marketing the renowned KROFTA designs to its global customer base.

The KROFTA and ECOVATION teams will maintain their good working relationship with the ECOLAB organization and continue to support their customers.

Bart Goedseels, CEO of Waterleau comments: “This acquisition is a new milestone in the expansion of the WATERLEAU GROUP after the recent acquisition of IBH Waste-to-Energy Engineering Consultants and KARY-PLANQUA, the Germany based water, wastewater and biomass treatment solutions provider. Through a combination of organic growth and multiple acquisitions in recent years, WATERLEAU has evolved into a global player with a portfolio of complementary and proprietary technology in all fields of environmental protection: water, air, waste treatment and energy recovery.”

In its latest acquisition, WATERLEAU GROUP is joined by BMI-SBI, the Belgian semi-public investment company co-financing and supporting this transaction.

 

Contact

Alain Buyle, Director Marcom

Phone: +32 16 650 657

E-mail: alain.buyle@waterleau.com

 

ABOUT BMI-SBI

BMI-SBI, or the Belgian Corporation for International Investment, is a semi-public investment company established in 1971 which provides medium to long term co-financing (equity/quasi equity) and knowhow for international investments by Belgian companies. Financing is usually done on local/subsidiary level and this for both greenfield projects as well as expansion or acquisition projects. Its main shareholders are the Federal Investment & Participation company (FPIM-SFPI), the National Bank of Belgium, BNP Paribas Fortis, ING and Electrabel.

Contact

Philippe Hermans, co-CEO

Phone: +32 2 776.01.00

E-mail: philippe.hermans@bmi-sbi.be

Website: http://www.bmi-sbi.be

© Krofta T 413-236-5634