Italy’s Industrie De Nora SpA has reached a definitive agreement with the UK’s Severn Trent to buy majority of stakes of their joint venture Severn Trent De Nora, specialized in electrochemical processes for water and waste water treatment for the municipal, onshore and offshore energy and marine sectors. Since 2002, Severn Trent and De Nora have been partners in a successful Joint Venture, Severn Trent De Nora.
The decision will help De Nora expand the scope of its business and technology portfolio in the water treatment sector. Paolo Dellachà, Chief Executive Officer of Industrie De Nora said, “Water treatment has always been in the DNA of our company, and a substantial portion of our turnover is generated by sales of products addressing water issues. This acquisition certainly enhances the value creation for all customers in need of sustainable solutions for their water treatment requirements and for all our other stakeholders. Over the last few years,our management has been able to work in close collaboration with Severn Trent’s Water Purification business, and we share mutual trust and respect that shall speed up the consolidation and enlargement of our product offering with their well-recognised brands and products.” The transaction is expected to be completed before summer (by June 30).
De Nora has also acquired Ozono Elettronica Internazionale (OEI), an Italian company specialised in the design and manufacture of ozone generator technologies.