Wed, 11 Apr 2018 9:15 am EDT
PITTSBURGH--Evoqua Water Technologies Ltd., a wholly-owned subsidiary of Evoqua Water Technologies Corp., and Giotto Water S.r.l. have entered into an exclusive agreement in relation to the distribution of Evoqua’s Memcor® product range in Europe. Under the terms of the agreement Giotto will have exclusive rights to market and sell Memcor ultrafiltration and Membrane Bioreactor (MBR) products in select territories throughout Europe.
“We are delighted to enter into this agreement with Giotto for our Memcor product range,” said Ben Soucy, VP/General Manager of Evoqua’s Memcor division. “As a global leader, Memcor has a rich history and strong installed base, especially our MBR offerings throughout Italy. We are excited to leverage the additional local reach and expertise of Giotto within Italy and other European markets we are not currently serving.”
Evoqua has more than 20 MBR installations operating in Italy, including one of the largest in Europe at Santa Giustina in Rimini, treating an average daily flow of 76 million liters (Rimini Case Study).
For many Italian municipalities, particularly in coastal areas that depend on good quality water to support tourism and agriculture, industries vital to their economy, high-quality treated water coupled with a small footprint afforded by the MBR technology makes it a leading choice for wastewater treatment in recent years.
Global MBR growth rates are largely driven by the need to process more wastewater in less space. As membrane technology has advanced it has become a reliable and accepted barrier for pathogen removal making MBRs an important platform for water reuse, providing water security for thriving economies.
“With this agreement, Giotto Water completes its products portfolio as a technology partner,” said Enzo Bina, Managing Director of Giotto Water Srl. “For Giotto Water this agreement is very important, as it allows us to combine our traditional equipment offering with one of the more strategic technologies in the Italian and European markets. The industry leading position of the Memcor membranes, coupled with the proven global references in municipal and industrial applications, will give us the possibility to provide a complete and state-of-the-art, full-service solution to our customers.”
In a separate transaction, Evoqua has sold all the remaining operations of its former Italy business, including customer contracts, to Giotto.
About Giotto Water S.r.l.
GIOTTO WATER operates all over the world in the environmental field for over 40 years, with a wide product portfolio of specific technologies and solutions for treatment of water, wastewater and sludge for both municipal and industrial applications. Giotto Water’s goal is to improve the treatment processes, enabling Customers to optimize their systems by treating the water for re-use, by reducing the production of sludge and by proposing solutions for energy recovery and valorization of the sludge. Its portfolio includes, in addition to the traditional “SERNAGIOTTO” product line, systems for secondary biological treatment and tertiary filtration of wastewater treatment plants. Giotto Water’s mission is to satisfy Customer’s requirements, starting from the design phase through installation and aftermarket assistance, with its spare parts stock and experienced service team. For more information, visit www.giottowater.com
About Evoqua Water Technologies
Evoqua Water Technologies is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life®.
About DESOTEC
DESOTEC, founded in 1990, is the leading European provider of mobile filtration solutions through a unique and circular service concept, which helps protect the planet by enabling clean water, air, and soil. DESOTEC's customer base is constantly growing thanks to a strong focus on 24/7 service and a commitment to design and deliver the best solution in close dialogue with the customer. Through in-depth expertise of industrial applications and continuous investment in mobile filters, reactivation capacity and well-positioned hubs, DESOTEC ensures that the industry can meet the increasing regulations for a better and cleaner environment. Private equity funds managed by Blackstone acquired DESOTEC in 2021. Further information is available at www.desotec.com.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com.
