Integrated Water Services acquires Hyperion International Technologies
Integrated Water Services Inc. (IWS), a provider of water and wastewater treatment solutions, announced that it has acquired Hyperion International Technologies LLC, a developer of industrial control systems for the water sector.
IWS, in partnership with Sciens Water Opportunities Management LLC, has acquired 100% of the equity of Hyperion.
The acquisition of Hyperion expands IWS's product and service solutions, and advances its digital services strategy.
Hyperion, headquartered in Austin, TX, provides control systems and engineering services for industrial and municipal clients in the water and wastewater treatment markets. The company specializes in designing and supplying equipment for process and control projects, as well as commissioning and supporting industrial and municipal plant owners.
"We are thrilled to join forces with IWS,” said Scott Johnson, general manager of Hyperion. “We see this as an excellent opportunity to build something special while protecting the environment and conserving water as a precious resource."
"Hyperion marks a significant milestone in establishing itself as a leading water infrastructure equipment and services provider in North America," said Rick Barrett, CEO of Integrated Water Services. "Hyperion’s capabilities strengthen our technology, high-quality products, and expert field installation offerings, allowing us to provide customers with a streamlined and comprehensive service."
As a result of the acquisition, Scott Johnson will take over from Al Ouchie as the head of Hyperion, who will retire after a planned transition period.
This is IWS’s second acquisition this year and part of its strategy to scale production for wastewater reuse products/services.
“Acquiring Hyperion is the next step in IWS’s broader strategy to scale production of wastewater reuse technologies,” said Alexander Loucopoulos, partner at Sciens Water. “IWS is bringing a fully integrated MBR product to market and offering one of the best wastewater treatment solutions in the middle market.”