Market News
Global Advanced Oxidation Technologies Market-
Acquisition and Partnerships.
- Evonik Acquisition of PeroxyChem: In February 2020, Evonik announced the acquisition of the PeroxyChem for US$ 640 million after the The Federal Trade Commission (FTC) lost its action in court in Washington, D.C. to stop the acquisition. In the field of specialized chemicals, Evonik is a global leader. The foundation of Evonik's corporate strategy is its emphasis on expanding its niche business portfolio, customer-focused innovation capabilities, and a reliable, performance-driven company culture. It serve as the company's key to both profitable expansion and steady value growth.
- Xylem Completes Acquisition with Evoqua: In May 2023, Xylem completed the acquisition of Evoqua in a deal that is entirely stock, and has an indicated enterprise value of about US$ 7.5 billion. This deal brings together two businesses that are committed to tackling the world’s water problems by meeting the most pressing requirements of their clients and communities, as the significance of water hazards continues to grow on a worldwide scale. Building on the global leadership of Evoqua in advanced treatment systems and services and Xylem in water solutions, the merged firm will be in a unique position to create and provide an even wider range of cutting-edge solutions.