BIO-UV Group acquires Triogen Holdings
BIO-UV Group has acquired a 100% stake in Scotland-based Triogen Holdings and its subsidiary Suez Purification and Disinfection Systems from Suez Water Technologies & Solutions.
Triogen supplies water treatment solutions based on ozone, ultraviolet (UV) and advanced oxidation process technologies for the leisure industry, aquarium and aquaculture industries. BIO-UV Group designs, manufactures and markets UV-based water treatment solutions including the BIO-SEA ballast water treatment system.
Benoit Gillmann, BIO-UV Group’s chairman and chief executive, said the acquisition marked a major step forward in the company's growth plan. “The deal made with a global leader in water treatment also provides for a lasting strategic partnership with Suez WTS operational teams,” he said.
The acquisition completed on 18 September 2019 and, alongside, sales and licensing agreements were signed under which the Suez WTS division will undertake to purchase products from BIO-UV Group for an initial period of four years.
The addition of Triogen’s ozone and advanced oxidation technologies to the BIO-UV Group portfolio provides the France-headquartered company with a major competitive advantage and strengthens BIO-UV Group’s confidence that it will achieve €40m in revenues by 2022.
“Our UV technologies will be complemented by Triogen’s product portfolio and certifications, which in turn, are expected to boost growth potential in our established markets and activities, while placing us in a stronger position to seize new opportunities,” said Mr Gillmann.
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