ITT Completes Global Acquisitions
ITT Industries announced today that it has purchased 88,06 % of WEDECO AG Water Technology as well as majority shares of Heng Tong Water Treatment Engineering Co. Ltd.
According to the company, the recent acquisitions will enable ITT Sanitaire steadily increasing number of customers to meet growing global demand for clean water and satisfy new regulations governing municipal and industrial water treatment through complete water treatment solutions including instrumentation, filtration, biological treatment, disinfection and oxidation.
WEDECO’s know-how, in particular, promises to reduce the need for chlorine-based treatment of wastewater destined for recycling applications. WEDECO is one of the world’s largest manufacturers of UV disinfection and ozone oxidation systems, which are viewed as increasingly attractive alternatives to chlorine treatment. Anticipated EPA regulations in the US and ongoing compliance with existing rules in the EU are expected to be catalysts for growing use of UV technologies for disinfecting drinking water in these regions.
Where there is specific growth in the demand for a low-cost supply of water for industrial purposes such as power, pharmaceutical, chemical and manufacturing applications, ITT Sanitaire acquisition of Heng Tong Water Treatment Engineering Co. Ltd, a packager of reverse-osmosis, membrane and other water treatment systems, also provides a substantial enhancement of ITT Sanitaire’s technological footprint, especially in China, where a number of new government directives call for increasing urban water and wastewater treatment in the next few years.
"With the growing global demand for clean, usable water, and with tighter regulatory requirements governing water treatment in key markets, ITT Industries recognized early on that we wanted to increase our presence in the water treatment business worldwide," said Bob Ayers, president of ITT Industries Fluid Technology.