De Nora Acquires OEI

De Nora says the acquisition represents a significant development for the company.

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De Nora, a provider of electrochemical technologies in Milan, announced the acquisition of Ozono Elettronica Internazionale (OEI), an Italian company that has led in the design and manufacture of ozone generator technologies.

With a strong presence in the international market and more than 1,200 worldwide installations in all ozone applications, OEI is recognized for its expertise in developing advanced ozone technologies and providing a comprehensive portfolio of products and engineering services. De Nora says the acquisition represents a significant development for the company, which is pursuing a more diversified portfolio with a focus on the water and agro-food sectors.

“The achievement of this important acquisition is an important first step in attaining our goal to be a leader in meeting the booming demand for innovative water treatment technologies,” De Nora CEO Paolo Dellachà says.

Severn Trent Plc and Industrie De Nora SpA also reached a definitive agreement for the share sale to De Nora of its Water Purification business – part of Severn Trent’s Business Services organization.

Severn Trent, in London, and De Nora have been partners in a successful joint venture, Severn Trent De Nora, since 2002. Severn Trent De Nora specializes in electrochemical processes for water and wastewater treatment for the municipal, onshore and offshore energy and marine sectors. The sale of the Water Purification business will enable the management team to focus on creating value from its core businesses in water and wastewater services, which include operating services U.S., operating Services UK, including non-household retail, and renewable energy.

“Over the last 18 months we’ve made a number of improvements to the Water Purification business, including improving our sales process and contract management,” Liv Garfield, CEO of Severn Trent Plc, comments. “The business is now on a more stable footing and growing both the top and bottom line. However, it’s clear that in order for the business to fulfil its growth potential it needs manufacturing and product expertise and focus so it’s the right time for it to have a new owner. This sale will allow us to focus on our core water and waste water service businesses in the UK and abroad.”

De Nora, a supplier of electrodes and systems and provider of services and advanced electrochemical solutions for several industries. As part of its strategy to expand the scope of its business and technology portfolio, De Nora decided to further broaden its footprint in the water treatment sector. To that end, De Nora recently acquired one of the world’s leading companies specializing in ozone technologies and processes.

“The newly combined De Nora water business represents a unique opportunity for all customers looking for a ‘one stop shop’ for their water purification needs,” says Lawrence Quinn, CEO of Severn Trent Water Purification, “in this respect, the recent acquisition of ozone technology is a perfect complement to our disinfection offering.”

The transaction is expected to be complete by June 30.

www.severntrent.com