DALLAS, April 7, 2022 (PRNewswire) — CECO Environmental Corp., a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, recently announced the acquisition of substantially all of the assets of Index Water, expanding its water treatment solutions portfolio serving the Middle East region. Terms of the deal were not disclosed.
CECO's deep experience in high-efficiency, processing, separation and filtration solutions is further enhanced with the addition of Index Water's intellectual property, technologies, and other assets that support systems including process and potable water treatment, ultrafiltration, desalination and demineralization technologies, in addition to effluent and sewage water treatment including biological and reuse technologies.
Over the last three years, CECO has been aggressively expanding its presence in the produced water, process and potable water, effluent and sewage and wastewater treatment markets. Through organic innovation and acquisition, CECO has quickly become a technology leader in liquid coalescing, de-aeration, ferrate-based advanced oxidation, dissolved gas flotation, reverse osmosis, and several other produced and process water technologies.
The company's most recent acquisition of Index Water's assets adds new customers, intellectual property, and depth to its technology stack. With this acquisition, coupled with the recently announced acquisition of GRC, a leading industrial flow control company serving the industrial, potable and storm water markets, CECO continues to advance its leadership in water treatment solutions.
"Industrial and infrastructure-related water and wastewater treatment markets will continue to experience a high rate of growth as there will be increased awareness and pressures associated with sustainable water practices and scarcity concerns. With the addition of the Index Water assets, we have expanded our leadership presence and addressable water market in more than 10 countries by at least $200 million, and it allows us to further leverage the brand and capabilities across the globe," said Todd Gleason, CEO, CECO Environmental. "The addition of the Index Water assets to CECO strengthens access to key customers and a variety of important infrastructure projects in the Middle East."
About CECO Environmental
CECO Environmental is a global leader in industrial air quality and water treatment solutions serving a broad landscape of industrial and other niche markets. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect our shared environment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide custom Engineered Systems for applications including power generation, petrochemical processing, general industrial, refining, midstream oil and gas, electric vehicle production, poly silicon fabrication, battery recycling, beverage can, and water/wastewater treatment along with a wide range of other applications. CECO is listed on Nasdaq under the ticker symbol "CECE." For more information, please visit www.cecoenviro.com.
