Evoqua Water Technologies Completes Acquisition of Water Consulting Specialists, Inc.

Rhea-AI Summary

Evoqua Water Technologies (NYSE: AQUA) has acquired Water Consulting Specialists, Inc. (WCSI), enhancing its portfolio in high-purity water treatment systems. This strategic acquisition aims to expand Evoqua's presence in key industrial markets, particularly in the pharmaceutical and healthcare sectors. WSCI, based in Massachusetts, specializes in various water treatment solutions including service deionization and reverse osmosis. The financial terms of the deal remain undisclosed, but it is expected to strengthen Evoqua's service capabilities in the Northeast U.S.

Positive

• Acquisition of WCSI strengthens Evoqua's portfolio in high-purity water treatment.
• Expansion into key industrial markets like pharmaceuticals and healthcare.
• Enhances service capabilities in the Northeast U.S.

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• None.

Evoqua Water Technologies (NYSE: AQUA), an industry leader in mission-critical water treatment solutions, today announced it has acquired privately-held Water Consulting Specialists, Inc. (WCSI), a leader in the design, manufacturing, and service of industrial high-purity water treatment systems. This acquisition will strengthen Evoqua’s portfolio of high-purity water systems and enable the company to further expand in key industrial markets. The terms of the deal were not disclosed.

Headquartered in Pocasset, Massachusetts, with operations in Pompton Plains, New Jersey, and Philadelphia, Pennsylvania, WSCI offers high-purity water expertise, design/build, turnkey solutions, and service capabilities for customers in the pharmaceutical, healthcare, microelectronics, and food and beverage markets. WSCI provides a variety of water treatment solutions and services, including pretreatment, service deionization (SDI), reverse osmosis (RO), and electrodeionization (EDI).

“The acquisition of WCSI strengthens and extends our service footprint in the northeast region of the U.S.,” said Evoqua Chief Executive Officer Ron Keating. “WCSI’s strong presence in high-purity water treatment in key critical markets, such as pharmaceutical and healthcare, provides the opportunity to further expand our digitally enabled solutions and services.”

For more information, visit https://www.evoqua.com.

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 160 locations across ten countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210406005083/en/

FAQ

What is the significance of the AQUA acquisition of WCSI?

The acquisition enhances AQUA's high-purity water treatment capabilities and market presence in critical sectors.

When was the AQUA acquisition of WCSI announced?

The acquisition was announced on April 6, 2021.

What markets does Water Consulting Specialists, Inc. serve?

WCSI serves markets including pharmaceuticals, healthcare, microelectronics, and food and beverage.

Are the financial terms of the acquisition disclosed?

No, the financial terms of the acquisition have not been disclosed.

How will the WCSI acquisition impact AQUA's operations?

The acquisition is expected to strengthen AQUA's service footprint and expand its digitally enabled solutions.