BIO-UV Acquires Triogen Holdings
BIO-UV Group, the manufacturer of the BIO-SEA ballast water treatment system, 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 (AOP) technologies for the leisure industry, aquarium and aquaculture industries.
BIO-UV Group, meanwhile, designs, manufactures and markets innovative ultraviolet-based water treatment solutions across several industrial sectors, including the ballast water treatment market.
The acquisition, completed on September 18, 2019, marks the beginning of a strategic partnership and sales agreement between BIO-UV Group and a company that forms part of the SUEZ WTS division. Alongside the acquisition, sales and licencing 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.
The acquisition strengthens BIO-UV Group’s confidence that it will achieve $44m in revenues by 2022.