Ovivo Inc has acquired Varec Biogas, a U.S. affiliate of Westech Industrial Ltd, a Calgary-based supplier of analytical instrumentation and process control equipment.
No financial terms were disclosed.
Based in Stafford, Texas, and Huntington Beach, California, Varec designs, services and distributes biogas safety and handling equipment for municipal waste management and industrial applications.
Ovivo, a Montréal-based water treatment company, said the acquisition is complementary to its biosolids management and resource recovery offering.
Ovivo was acquired in 2016 by German family office SKion GmbH and Caisse de dépôt et placement du Québec for $185 million.
Ovivo Acquires Westech Industrial (d.b.a. Varec Biogas)
MONTREAL, April 15, 2019 /PRNewswire/ – Ovivo Inc. (“Ovivo”), a global provider of water and wastewater treatment equipment, technology and systems, is pleased to announce the acquisition of Westech Industrial Inc., doing business as Varec Biogas (“Varec Biogas”), a wholly-owned subsidiary of Westech Industrial Ltd.
Based in Stafford, Texas, and Huntington Beach, California, Varec Biogas is a leader in the biogas market in North America. It designs, services and distributes the most complete line of biogas safety and handling equipment in the world, for municipal waste management and for various industrial applications. Over the past 50 years, Varec Biogas has built a well-established customer base, largely attributable to its expertise, products and brand.
Varec Biogas’ product line is complementary to Ovivo’s biosolids management and resource recovery offering. Varec Biogas will operate under the name Varec Biogas Inc., an Ovivo company.
“We are very excited to welcome the Varec Biogas team to Ovivo and we will benefit from their strong positioning and reputation in the biogas market,” says Marc Barbeau, President and Chief Executive Officer of Ovivo. “Varec Biogas complements nicely our biosolids product offering and we anticipate strong benefits for our customers by combining our expertise,” added Valere Morissette, Senior Vice President of Ovivo USA.
“My brother Jason and I are passing the torch to a strong and stable new owner and we are confident that Varec Biogas is in good hands with Ovivo, a strategic and resourceful water treatment company who will support its long term growth plan,” says Russell Lapp, former Chief Executive Officer of Varec Biogas and shareholder of Westech Industrial Ltd.
About Ovivo Inc.
Ovivo is a global provider of equipment, technology and systems producing among the purest water and treating some of the most challenging wastewater in the industry. Ovivo is a powerful global brand with renowned trademarks, possessing more than 150 years of expertise and references in water treatment, supported by its proprietary products, advanced technologies and extensive system integration knowhow. Ovivo delivers conventional to highly technological water treatment solutions for the industrial and municipal markets, and leverages its large installed base of equipment around the world to offer parts and services to its customers. Ovivo is dedicated to innovation in an industry that is in constant evolution and offers water treatment solutions that are cost-effective, energy-efficient and environmentally sustainable.
Ovivo is owned by SKion Water International GmbH and Caisse de dépôt et placement du Québec. It operates an integrated global platform in over 15 countries, and employs approximately 950 worldwide experts in water treatment. For more information, visit our website at www.ovivowater.com.