Veralto Invests in Axine Water Technologies
Veralto (NYSE: VLTO) has invested approximately $15 million to acquire a minority stake in Axine Water Technologies, a provider of electrochemical oxidation technology for contaminant destruction. The strategic partnership includes a commercial agreement in North America with Veralto's Trojan Technologies business. Axine's electraCLEAR solution destroys organic contaminants in pharmaceuticals and industrial wastewater, including PFAS. The collaboration aims to expand Axine's customer reach in municipal and industrial markets while scaling its technology.
Veralto (NYSE: VLTO) ha investito circa 15 milioni di dollari per acquisire una partecipazione minoritaria in Axine Water Technologies, fornitore di tecnologia di ossidazione elettrochimica per la distruzione dei contaminanti. Questa partnership strategica comprende un accordo commerciale in Nord America con l'azienda Trojan Technologies di Veralto. La soluzione electraCLEAR di Axine distrugge contaminanti organici nei farmaci e nelle acque reflue industriali, compresi i PFAS. La collaborazione mira ad ampliare la portata della clientela di Axine nei mercati municipali e industriali, espandendo al contempo la sua tecnologia.
Veralto (NYSE: VLTO) ha invertido aproximadamente 15 millones de dólares para adquirir una participación minoritaria en Axine Water Technologies, un proveedor de tecnología de oxidación electroquímica para la destrucción de contaminantes. La asociación estratégica incluye un acuerdo comercial en América del Norte con el negocio Trojan Technologies de Veralto. La solución electraCLEAR de Axine destruye contaminantes orgánicos en productos farmacéuticos y aguas residuales industriales, incluidos los PFAS. La colaboración tiene como objetivo expandir el alcance de los clientes de Axine en los mercados municipales e industriales mientras escala su tecnología.
Veralto (NYSE: VLTO)는 오염물질 파괴를 위한 전기화학 산화 기술을 제공하는 Axine Water Technologies의 소수 지분을 인수하기 위해 약 1500만 달러를 투자했습니다. 이 전략적 파트너십은 Veralto의 Trojan Technologies 사업부와 함께 북미에서의 상업적 계약을 포함합니다. Axine의 electraCLEAR 솔루션은 약물 및 산업 폐수에서 유기 오염 물질, PFAS를 포함하여 파괴합니다. 협력의 목표는 Axine의 고객 범위를 지방 및 산업 시장으로 확장하고 기술을 확장하는 것입니다.
Veralto (NYSE: VLTO) a investi environ 15 millions de dollars pour acquérir une participation minoritaire dans Axine Water Technologies, un fournisseur de technologie d'oxydation électrochimique pour la destruction des contaminants. Ce partenariat stratégique comprend un accord commercial en Amérique du Nord avec l'entreprise Trojan Technologies de Veralto. La solution electraCLEAR d'Axine détruit les contaminants organiques dans les produits pharmaceutiques et les eaux usées industrielles, y compris les PFAS. La collaboration vise à étendre la portée des clients d'Axine sur les marchés municipaux et industriels tout en développant sa technologie.
Veralto (NYSE: VLTO) hat etwa 15 Millionen Dollar investiert, um eine Minderheitsbeteiligung an Axine Water Technologies, einem Anbieter von elektrochemischer Oxidationstechnologie zur Zerstörung von Kontaminanten, zu erwerben. Die strategische Partnerschaft umfasst einen Handelsvertrag in Nordamerika mit Veralto's Trojan Technologies. Die electraCLEAR-Lösung von Axine zerstört organische Kontaminanten in Pharmazeutika und industriellen Abwässern, einschließlich PFAS. Die Zusammenarbeit zielt darauf ab, die Kundenerreichung von Axine in kommunalen und industriellen Märkten zu erweitern und gleichzeitig dessen Technologie zu skalieren.
- Strategic $15 million investment to acquire minority stake in Axine Water Technologies
- Commercial agreement established with Trojan Technologies business in North America
- Expansion into municipal and industrial markets through strategic partnership
- None.
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The deal structure is particularly advantageous - a minority stake combined with a commercial agreement provides Veralto market access without full acquisition risks. This approach allows Veralto to expand its water quality portfolio while maintaining flexibility. The partnership with Trojan Technologies creates immediate distribution channels in North America, potentially accelerating revenue generation from this investment.
For Veralto's competitive position, this adds a important technology piece in the emerging contaminants space, complementing their existing analytics and treatment solutions. The timing aligns with increasing regulatory pressure around PFAS treatment, positioning Veralto to capture market share as compliance requirements tighten.
Creates Strategic Partnership with a Leading Provider of Contaminant Destruction Technology
Axine's electraCLEAR solution provides simple, safe, efficient, and cost-effective destruction of organic contaminants in pharmaceuticals and industrial wastewater, including long and short-chain PFAS.
Veralto's Water Quality segment provides one of the most comprehensive portfolios of water analytics and advanced water treatment solutions to help customers manage, test, treat, and protect our global water supply, from municipal treatment facilities and industrial processes to lakes, rivers, watersheds, and oceans.
The strategic collaboration with Axine builds upon Veralto's diverse portfolio of water solutions for customers. Veralto's minority position in Axine includes a commercial agreement in
"Our Water Quality operating companies have a proven track record of developing and commercializing technologies that help customers detect and destroy emerging contaminants. A key part of our growth strategy in Water Quality is developing fit-for-purpose solutions to help our customers meet complex challenges," said Jennifer L. Honeycutt, President and Chief Executive Officer of Veralto. "We believe Axine's electrochemical oxidation technology provides a promising solution for difficult-to-treat organic contaminants, and our strategic partnership is aligned with our commitment to helping deliver clean water."
"We have a history of treating wastewater, allowing our clients to focus on their valuable core products. I am excited about Verlato's investment and partnership, which we believe will help position Axine to grow in municipal and industrial markets and deliver greater value to customers" said Mark Ralph, CEO of Axine Water Technologies.
ABOUT VERALTO
With annual sales of
ABOUT AXINE WATER TECHNOLOGIES
Axine Water Technologies is a leading provider of electrochemical oxidation technology for industrial wastewater treatment. Axine's electraCLEAR™ offers cost-effective complete destruction of long- and short-chain PFAS. With over 150,000 hours of full-scale commercial operating experience since 2017, their treatment-as-a-service model addresses compliance with current and future regulations.
FORWARD-LOOKING STATEMENTS
Certain statements in this release, including the statements regarding Axine Water Technologies, the Company's differentiation and positioning to continue delivering sustainable, long-term shareholder value and any other statements regarding events or developments that we believe or anticipate will or may occur in the future are "forward-looking" statements within the meaning of the federal securities laws. All statements other than historical factual information are forward-looking statements, including, without limitation, statements regarding: projections of revenue, expenses, profit, profit margins, tax rates, tax provisions, cash flows, pension and benefit obligations and funding requirements, Veralto's liquidity position or other financial measures; Veralto's management's plans and strategies for future operations, including statements relating to anticipated operating performance, cost reductions, restructuring activities, new product and service developments, competitive strengths or market position, acquisitions and the integration thereof, divestitures, spin-offs, split-offs or other distributions, strategic opportunities, securities offerings, stock repurchases, dividends and executive compensation; the effects of the separation or the distribution on Veralto's business; growth, declines and other trends in markets Veralto sells into; new or modified laws, regulations and accounting pronouncements; future regulatory approvals and the timing thereof; outstanding claims, legal proceedings, tax audits and assessments and other contingent liabilities; future foreign currency exchange rates and fluctuations in those rates; general economic and capital markets conditions; the anticipated timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that Veralto intends or believes will or may occur in the future. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our 2023 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this release and except to the extent required by applicable law, the Company does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
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SOURCE Veralto
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