Evoqua Water Technologies Completes Acquisition of EPICOR, Inc.

Rhea-AI Summary

Evoqua Water Technologies (NYSE: AQUA) has announced the acquisition of EPICOR, Inc., a manufacturer of powdered ion exchange resins for the power industry. This strategic move aims to enhance Evoqua's Integrated Solutions and Services segment, reinforcing its support for power market customers. EPICOR, based in Linden, New Jersey, has been a supplier of specialty resins for over 50 years, providing efficient solutions for ultra-pure water supply in power plants. The deal's financial terms were not disclosed.

Positive

• Acquisition of EPICOR enhances Evoqua's capabilities in the power market.
• Strengthens the Integrated Solutions and Services segment.

Negative

• None.

PITTSBURGH & LINDEN, N.J.--(BUSINESS WIRE)-- Evoqua Water Technologies (NYSE: AQUA), an industry leader in mission-critical water treatment solutions, today announced that it has acquired privately-held EPICOR, Inc., a leading manufacturer of high-quality powdered ion exchange resins and resin/fiber mixtures for the power industry.

Headquartered in Linden, New Jersey, EPICOR has supplied specialty resins for power steam system treatment for fifty years. The resins provide a cost-effective and efficient method for creating and maintaining a continual supply of ultra-pure water for power plants.

"EPICOR has been a valued supplier to Evoqua for many years," said Evoqua's Chief Executive Officer, Ron Keating. "We believe the acquisition will strengthen our Integrated Solutions and Services segment's ability to better support and serve our power market customers."

The terms of the deal were not disclosed.

About Evoqua Water Technologies

Evoqua Water Technologies is a leading provider of mission-critical water and wastewater treatment solutions, offering a broad portfolio of products, services, and expertise to support industrial, municipal, and recreational customers who value water. Evoqua has worked to protect water, the environment, and its employees for more than 100 years, earning a reputation for quality, safety, and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life.® To learn more, visit www.evoqua.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220718005128/en/

Evoqua Water Technologies



Media

Sarah Brown, 506-454-5495 (office)

sarah.brown@evoqua.com



Investors

Dan Brailer, 724-720-1605 (office)

412-977-2605 (mobile)

dan.brailer@evoqua.com

Source: Evoqua Water Technologies

FAQ

What did Evoqua Water Technologies announce regarding EPICOR, Inc.?

Evoqua announced its acquisition of EPICOR, Inc., a manufacturer of powdered ion exchange resins for the power industry.

How will the acquisition of EPICOR affect Evoqua's business?

The acquisition is expected to enhance Evoqua's Integrated Solutions and Services segment, improving support for power market customers.

What is the significance of EPICOR to Evoqua's operations?

EPICOR has been a valued supplier to Evoqua for years, providing specialty resins crucial for ultra-pure water supply in power plants.

When was the acquisition of EPICOR by Evoqua announced?

The acquisition was announced recently, but the exact date was not disclosed in the press release.

What are the financial terms of the deal between Evoqua and EPICOR?

The financial terms of the acquisition were not disclosed.