Hydro International Acquires U.S. Wastewater Industry Supplier Eutek Systems
Sep 05 2008 Read 1655 Times
Founded in the 1970s, Eutek is a leading provider of high-performance equipment that removes fine grit, sugar sands, abrasives and fixed solids from wastewater streams.
The deal gives Hydro the ability to significantly expand its grit-removal sales in the United States, where Eutek maintains a large market share. The union of two sellers of innovative, non-mechanical
vortex grit-removal gives customers access to a wider range of product choices and the marketleading strength of a combined business with annual revenues of approximately £30 million.
“This acquisition is a perfect fit for Hydro, giving us expanded market share in the U.S., product technologies that complement our existing wastewater grit-removal portfolio, and additional sales potential in the U.K.,” said Steve Hides, CEO of Hydro International. “The market for grit-removal systems is expanding, driven by the growing need to upgrade and replace aging equipment and the rising demand for more efficient systems to remove grit from wastewater flows. We look forward to tapping our combined sets of expertise to capitalize on this exciting market opportunity.”
Hydro plans to maintain the Eutek brand and use the company`s Portland, Oregon, base in the U.S. West Coast as a platform to expand Hydro`s U.S. wastewater business. Steve Tansley, current manager of Hydro International`s U.K. Water and Wastewater Division, will act as Operations Director of the business, supported by existing Eutek management team.
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