Severn Trent reaches agreement for share sale of Water Purification business
Severn Trent Plc and Industrie De Nora SpA have both reached a definitive agreement for the share sale of Severn's Water Purification business (part of its Business Services organization) to De Nora.
MILAN, ITALY, and LONDON, ENGLAND, May 13, 2015 -- Severn Trent Plc -- a subsidiary of Severn Trent Services, a global supplier of water and wastewater solutions -- and Industrie De Nora SpA, a private multinational company with headquarter in Italy, have both reached a definitive agreement for the share sale of Severn's Water Purification business (part of its Business Services organization) to De Nora.
Through its operations in the U.S., Europe and Asia, the Water Purification business is a global player in the water treatment products industry, focused on electrochlorination, disinfection and filtration. It has a strong technology platform and a portfolio of brands and products recognized around the world for their quality and reliability.
Since 2002, Severn Trent and De Nora have been partners in a successful Joint Venture -- "Severn Trent De Nora" -- which specializes in electrochemical processes for water and wastewater treatment for the municipal, onshore and offshore energy and marine sectors. This entity is part of the transaction.
Severn Trent Plc entered into the transaction after it recently reorganized and brought together its remaining non-regulated businesses into a new 'Business Services' division. The sale of the Water Purification business will allow the management team to focus on creating value from its core businesses in water and wastewater services, which involve Operating Services US, Operating Services UK, including non-household retail and renewable energy.
About Severn Trent Services
Severn Trent Services, with global headquarters in Horsham, Pa., is a supplier of water and wastewater solutions. The company's Water Purification business, based in Colmar, Pa., provides innovative disinfection, instrumentation and filtration technologies for the municipal, energy and marine markets. Its water treatment technologies are backed by a global support network of experienced customer service representatives, application engineers and field service technicians. For more information, visit www.severntrentservices.com.
About De Nora
De Nora provides its customers with safe, innovative and sustainable energy saving electrochemical technologies and environmental friendly solutions on worldwide basis. De Nora's products, systems and technologies, boosted by continuous investments in R&D, are adopted in a great variety of industries and applications from chlorine, chlorate and sodium hypochlorite production to water and waste water treatments, from surface finishing and cathodic protection to metal winning and metal recovery, from system for sanitation of surfaces to equipment for agri-food processes. For more information, visit www.denora.com.