Tue, 18 Jul 2017 8:30 am EDT
PITTSBURGH & SAN DIEGO--Evoqua today announced it has acquired Olson Irrigation Systems, a leading designer and producer of filters and irrigation components for the agriculture and industrial markets, based in Santee, Calif., just northeast of San Diego. Terms were not disclosed.
Olson will become a part of Evoqua’s Aquatics and Disinfection (A&D) division and will help the business build upon its leadership position in filtration serving a broad range of industrial applications. The Olson business is also a major supply partner to Evoqua’s VAF product line, which is also a part of the Aquatics and Disinfection division.
Olson, founded in 1976, serves two primary markets: agricultural irrigation and industrial process through direct and third-party representatives. Olson designs and develops a wide-range of solutions for the irrigation and industrial markets, allowing the company to turn ideas into products quickly for their customer base.
“Olson has been a trusted partner of Evoqua and our VAF business for years,” said Ron Keating, Evoqua Chief Executive Officer. “We are very pleased to strengthen that relationship and to work even closer to drive growth across a variety of key markets.”
Yesterday, Evoqua announced that it acquired ADI Systems, Lange Containment and Geomembrane Technologies from ADI Group Inc. The three are world leaders in wastewater solutions for industrial and manufacturing applications.
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.
