Acquisition in ballast water treatment sector
The France-based Bio-UV Group, manufacturer of the Bio-Sea ballast water treatment system, has acquired a 100% stake in Scotland-based Triogen Holdings and its subsidiary Suez Purification and Disinfection Systems from Suez Water Technologies & Solutions.
Triogen supplies water treatment solutions based on ozone, ultraviolet (UV) and advanced oxidation process (AOP) technologies. Bio-UV Group, on the other hand, designs, manufactures and markets innovative ultraviolet-based water treatment solutions across several industrial sectors, including the ballast water treatment market.
Benoit Gillmann, Bio-UV Group’s chairman and chief executive officer, said: “The deal, completed on 18 September 2019, marks the beginning of a strategic partnership with Suez WTS operational teams.” The Bio-UV Group plans to achieve EUR 40 million in revenues by 2022. (fd)