Ottawa-based Clearford Water Systems announced Wednesday it had purchased a 90.5 per cent share of Toronto’s UV Pure Technologies in a deal worth $2.5 million.
UV Pure is a manfacturer and distributor of ultraviolet systems for water purification. Clearford is a distributor of UV Pure’s products in Columbia, and sees the acquisition as a strategic addition to its wastewater collection and treatment system.
“Our experience as Colombia distributor has demonstrated that there is a robust worldwide market for this technology…We look forward to introducing UV Pure to India and other international markets,” Clearford CEO Kevin Loiselle said in a statement.
(Sponsored)
Iconic spaces, lasting impressions
The Canadian Museum of History and the Canadian War Museum offer more than beautiful spaces; they provide meaningful settings celebrating heritage, culture and design. An architectural landmark overlooking Parliament Hill
OCOBIA eyes Ottawa BIA expansion as it gears up for election year
Michelle Groulx says it’s not difficult to spot the Ottawa neighbourhoods with their own business improvement area (BIA). That’s because, she says, BIAs are a visual and experiential representation of
UV Pure president and CEO, Richard Vansant, said he was excited at the opportunity to grow market position with Clearford.
“The technologies of both companies are targeted toward distributed treatment applications for municipal, industrial and commercial customers, the fastest growing segment of the global market,” Mr. Vansant said in a statement.
UV Pure’s management team will continue to own 9.5 per cent of the company and will run it as a Clearford subsidiary.
The transaction is expected to close Dec. 10.
