Permascand and Magneto Special Anodes merge to create a global leader in the advanced electrochemical sector - David Ekberg joins as CEO of the new company
Permascand, owned by Altor, has merged with Magneto Special Anodes, formerly part of Xylem Inc. (NYSE:XYL), to create a global leader in catalytic coatings and electrodes. The merged entity combines Permascand's Swedish operations with Magneto's facilities in the Netherlands and China, serving complementary customer segments in the premium market.
The merger aims to leverage both companies' technological leadership in electrochemical catalytic coatings and electrodes, with plans to expand into new segments, including green hydrogen for industrial transition. David Ekberg, with experience from Stora Enso, Climeon, and Ericsson, has been appointed CEO of the combined company. While financial terms remain undisclosed, both entities will initially continue operating under their existing names.
Permascand, di proprietà di Altor, ha fuso le sue attività con Magneto Special Anodes, precedentemente parte di Xylem Inc. (NYSE:XYL), per creare un leader globale nei rivestimenti e negli elettrodi catalitici. L'entità risultante unisce le operazioni svedesi di Permascand con gli impianti di Magneto nei Paesi Bassi e in Cina, servendo segmenti di clientela complementari nel mercato premium.
La fusione mira a sfruttare la leadership tecnologica di entrambe le aziende nei rivestimenti e negli elettrodi catalitici elettrochimici, con piani per espandersi in nuovi segmenti, incluso l'idrogeno verde per la transizione industriale. David Ekberg, con esperienza in Stora Enso, Climeon ed Ericsson, è stato nominato CEO della società combinata. Sebbene i termini finanziari rimangano riservati, entrambe le entità continueranno inizialmente a operare con i loro nomi attuali.
Permascand, propiedad de Altor, se ha fusionado con Magneto Special Anodes, anteriormente parte de Xylem Inc. (NYSE:XYL), para crear un líder global en recubrimientos y electrodos catálisis. La entidad fusionada combina las operaciones suecas de Permascand con las instalaciones de Magneto en los Países Bajos y en China, atendiendo segmentos de clientes complementarios en el mercado premium.
La fusión tiene como objetivo aprovechar el liderazgo tecnológico de ambas empresas en recubrimientos y electrodos catálisis electroquímicos, con planes de expandirse a nuevos segmentos, incluido el hidrógeno verde para la transición industrial. David Ekberg, con experiencia en Stora Enso, Climeon y Ericsson, ha sido nombrado CEO de la empresa combinada. Aunque los términos financieros siguen siendo confidenciales, ambas entidades continuarán operando inicialmente bajo sus nombres actuales.
Permascand는 Altor 소속으로, Magneto Special Anodes와 합병하였습니다. 후자는 이전에 Xylem Inc. (NYSE:XYL)의 일부였습니다. 이번 합병을 통해 촉매 코팅 및 전극 분야의 글로벌 리더가 탄생하게 되었습니다. 합병된 회사는 Permascand의 스웨덴 사업과 Magneto의 네덜란드 및 중국 시설을 결합하여 프리미엄 시장의 상호 보완적인 고객 세그먼트를 서비스합니다.
합병의 목표는 전기화학 촉매 코팅 및 전극 분야에서 두 회사의 기술적 리더십을 활용하여 녹색 수소와 같은 새로운 세그먼트로 확장하는 계획을 포함합니다. David Ekberg는 Stora Enso, Climeon 및 Ericsson에서의 경험을 바탕으로 통합 회사의 CEO로 임명되었습니다. 재무 조건은 비공개로 유지되지만 두 회사는 처음에 기존 이름으로 운영을 계속합니다.
Permascand, détenu par Altor, a fusionné avec Magneto Special Anodes, anciennement partie de Xylem Inc. (NYSE:XYL), pour créer un leader mondial dans le domaine des revêtements et électrodes catalytiques. L'entité fusionnée combine les opérations suédoises de Permascand avec les installations de Magneto aux Pays-Bas et en Chine, servant des segments de clientèle complémentaires sur le marché premium.
La fusion vise à tirer parti du leadership technologique des deux entreprises en matière de revêtements et d'électrodes catalytiques électrochimiques, avec des plans d'expansion vers de nouveaux segments, y compris l'hydrogène vert pour la transition industrielle. David Ekberg, avec une expérience chez Stora Enso, Climeon et Ericsson, a été nommé PDG de la société combinée. Bien que les conditions financières restent non divulguées, les deux entités continueront initialement à opérer sous leurs noms actuels.
Permascand, im Besitz von Altor, hat sich mit Magneto Special Anodes, ehemals Teil von Xylem Inc. (NYSE:XYL), zusammengeschlossen, um einen globalen Marktführer im Bereich katalytischer Beschichtungen und Elektroden zu schaffen. Die fusionierte Entität kombiniert die schwedischen Aktivitäten von Permascand mit den Anlagen von Magneto in den Niederlanden und China und bedient komplementäre Kundensegmente im Premiummarkt.
Das Ziel der Fusion ist es, die technologische Führerschaft beider Unternehmen im Bereich der elektrochemischen katalytischen Beschichtungen und Elektroden zu nutzen und in neue Segmente zu expandieren, einschließlich grüner Wasserstoff für den industriellen Übergang. David Ekberg, mit Erfahrung bei Stora Enso, Climeon und Ericsson, wurde zum CEO des vereinigten Unternehmens ernannt. Die finanziellen Bedingungen bleiben zwar ungenannt, jedoch werden beide Einheiten zunächst weiterhin unter ihren bestehenden Namen tätig sein.
- Strategic merger creates a global leader in electrochemical technology
- Geographic expansion with facilities across Sweden, Netherlands, and China
- Potential growth opportunities in green hydrogen sector
- Complementary customer segments enabling market expansion
- Undisclosed transaction terms create uncertainty for investors
- Integration risks between multiple international operations
Insights
This strategic divestment by Xylem (NYSE:XYL) represents a calculated move to optimize its portfolio and focus on core water technology solutions. The sale of Magneto Special Anodes, while undisclosed in value, aligns with the industry trend of large corporations streamlining their operations to enhance operational efficiency and capital allocation.
The merger's strategic rationale is multifaceted:
- The combination creates a specialized pure-play leader in electrochemical solutions, potentially unlocking value that was previously constrained within Xylem's broader portfolio
- The merged entity's focus on green hydrogen applications positions it well in the rapidly growing clean energy sector, which might have been challenging to prioritize within Xylem's water-centric strategy
- Geographic synergies between Permascand's Swedish base and Magneto's facilities in the Netherlands and China create a robust global manufacturing footprint
For Xylem shareholders, this divestment could be positive as it:
- Strengthens the company's balance sheet through the sale proceeds (though undisclosed)
- Improves operational focus on core water technology solutions
- Potentially reduces operational complexity and associated costs
- Aligns with the company's strategic vision of being a pure-play water technology leader
The timing of this divestment is particularly noteworthy given the growing interest in green hydrogen and sustainable technologies. While Xylem may be foregoing exposure to this growth market, the decision suggests management's commitment to maintaining a focused business model in water solutions, where the company maintains strong competitive advantages.
LJUNGAVERK,
Permascand and Magneto Special Anodes have technological leadership in electrochemical catalytic coatings and electrodes. Today they serve complementary customer segments. The ambition is to continue to grow within existing segments, but also to deploy the strong technology expertise into new segments. One opportunity is green hydrogen, which will play a crucial role in the green transition of industry.
David Ekberg has been appointed as CEO of the new company, joining immediately. He is an experienced leader with previous roles in Stora Enso, Climeon and Ericsson.
"This combination marks the start of a new chapter for both Permascand and Magneto, and for me an excellent opportunity to come onboard as CEO. The two leading companies have the potential to play an even more important role in addressing crucial needs for the green transition. We have received incredible support from Altor in making this next phase come true. With their continued backing, we will leverage their long heritage of helping industrial companies scale", says David Ekberg, CEO of Permascand and Magneto Special Anodes.
"David Ekberg has an entrepreneurial mindset and extensive experience from working globally, driving growth and innovation. Under his leadership, we embark on a growth journey for the new company, aiming to serve existing and new customers with our leading products and solutions. I am very pleased to see him take on this new role," says Annica Bresky, Chair of the Board of directors of Permascand.
The transaction has been closed. The parties have agreed not to share further details regarding the transaction. In the short term both entities will continue to operate under their existing names.
Contact:
Helena Winje,
Helena.winje@lumoadvice.com,
+46-702 049485
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FAQ
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