Tue, 17 Apr 2018 8:30 pm EDT
PITTSBURGH & PARIS--Evoqua Water Technologies (NYSE: AQUA) has been named the Water Company of the Year by Global Water Intelligence (GWI), the leading market resource for the water industry, as part of the Global Water Awards held in conjunction with GWI’s Global Water Summit.
GWI’s Global Water Awards, voted on by the readers of GWI, honor excellence across the international water industry, recognizing leaders who are moving the industry forward. Evoqua was cited for its transformation from the former Siemens Water business to “undisputed leader in the field of water treatment, the shrewd roll-up of water technology companies, followed by a highly successful initial public offering in 2017, under the leadership of CEO Ron Keating.”
“We appreciate an organization such as GWI and its readers recognizing the great work our approximately 4,000 employees do each day to further our Purpose of Transforming Water and Enriching Life,” said Evoqua’s Keating. “Our vision to be the world’s first choice for water solutions is underpinned by our Values of Integrity, Customers and Performance, so it is gratifying to see the marketplace sees the impact we are making.”
In naming Evoqua Water Company of the Year, GWI said, “By simplifying the company’s internal structure and re-energizing its workforce to engage more closely than ever with industrial and municipal end customers, Evoqua has built a fearsome reputation in the water industry as the king of systems supply, product sales, and service. It enjoys top-tier market positions in a range of industry segments, from electrochlorination right through to biological nutrient removal.
GWI continued: “Evoqua embarked on an ambitious $400 million acquisitions program which culminated in 2017, improving its earnings profile and strengthening its flowsheet by allowing it to enter new adjacencies. With a revitalized culture and a balance sheet to match, the company is delivering on its promises to its customers globally.”
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.
