Halma, a global collection of life-saving technology companies, has agreed to buy a company that addresses the global problem of wastewater leaks.
Sewertronics Sp. Z o.o. (Sewertronics) technology repairs and rehabilitates wastewater pipelines without the need for trenching by placing a lining into the pipe and curing it with its novel and proprietary ultraviolet (UV) LED technology.
This UV technique is more efficient and safer than other ways of curing that use hot water or steam. Sewertronics is headquartered in Rzeszów, Poland, and has global sales and service partners.
“Overcrowding, heavy rains, and climate change are all putting a strain on wastewater infrastructure.” “Our technology helps to prevent wastewater pollution while also increasing efficiency and safety when repairing pipes and avoiding the need for disruptive and costly excavation,” stated César Gómez, CEO and Founder of Sewertronics.
“Sewertronics is deeply committed to Halma’s mission of creating a safer, cleaner, and healthier future for everyone, every day.” We will benefit from Halma’s global network, resources, and knowledge, as well as collaboration with other Halma firms, particularly those working on wastewater solutions.”
Sewertronics’ UV LED technology includes the following benefits:
- Less impact on the environment: The UV method of repair reduces water use, energy consumption and Co2 emissions.
- Easier to store with a longer shelf-life: Liners cured by UV technology can be stored for up to six months whereas liners cured using hot water and steam methods require refrigeration and have a short shelf-life.
- Enhanced flexibility: the patented UV technology can be switched off during a curing operation, reducing time required to resolve issue
Operator safety is improved since UV curing avoids the high heat and pressures associated with hot water and steam curing.
“Sewertronics is highly aligned with our purpose, helping to protect the environment by reducing blockages and leakage in wastewater pipes,” stated Marc Ronchetti, Halma’s Group Chief Executive.
“We anticipate that the increasing need to repair aging wastewater infrastructure and reduce wastewater leaks, as well as investment in innovative technologies that minimize disruption to surrounding infrastructure and reduce the resources required to carry out repairs, will drive Sewertronics’ growth.”
The initial cash consideration for Sewertronics is €41 million (roughly £36 million) and will be funded from Halma’s current facilities.
Additional considerations of up to €18m (roughly £16m) may be payable in cash if certain conditions are met. The transaction is subject to certain closing conditions and is scheduled to be completed by the end of May 2023.
Sewertronics’ unaudited revenue for the fiscal year ending December 31, 2022 was €8.1 million (roughly £7.1 million).
Sewertronics will operate as a standalone firm within Halma’s Environmental & Analysis sector, collaborating with Minicam and Dancutter, both of which are existing Halma portfolio companies that serve the same end-user industries.
The acquisition is part of Halma’s growth strategy of acquiring firms that are compatible with its goal of expanding.
Source: Halma
