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H2O Innovation’s (TSX:HEO) Piedmont line joins PWT and Genesys

Utility
TSX:HEO
20 July 2022 12:30 (EDT)

Source: H2O Innovation.

H2O Innovation’s (HEO) Piedmont business line is joining PWT and Genesys to create a unique H2O business line.

The new business line will be dedicated to specialty chemicals, consumables and components.

Frédéric Dugré, President and Chief Executive Officer of H2O Innovation commented on the news.

“The consolidation allows us to leverage the synergies between our sales team and our distribution network. It will maintain the product branding to better support our distributors and customers around the world. The management of this new, larger and stronger team will be under the leadership of Ties Venema. Venema has successfully led the incredible growth of Piedmont over the last few years.”

This new group will have a unified global sales team and a united technical and execution team. This should result in even greater support of the corporation’s global distributor network, improved customer care and increased satisfaction.

The combination allows for more disruptive innovations to come to light, in line with the ESG standards required by customers. It will enable the Corporation to have a very unique offering in the desalination and water reuse markets.

H2O Innovation is a complete water solutions company which focuses on providing best-in-class technologies and services to its customers. It provides water treatment solutions based on membrane filtration technology for municipal, energy, and natural resources end-users.

H2O Innovation Inc. (HEO) is down 1.96 per cent, trading at C$2.00 per share at 12:10 pm ET.

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