Skip to main content

Sdiptech acquires WaterTech of Sweden

Press release
11 April 2024, 08:30

Sdiptech acquires WaterTech of Sweden

Sdiptech AB (publ) has today acquired all shares in WaterTech of Sweden AB (WaterTech), which produces specialized chemicals, focused on the optimization of industrial water systems. WaterTech will work closely with Sdiptech’s business unit Kemi-tech in Denmark.

Swedish WaterTech specializes in water chemistry to optimize industrial water systems. The company offers products and services to improve cooling water, boiler feed, process water, and more. Through its commitment to quality and innovation, WaterTech plays an important role in increasing the efficiency and sustainability of industrial water use.

WaterTech will work closely with Sdiptech’s other business unit Kemi-tech, and the partnership aims to strengthen and expand the Group’s offerings in industrial water treatment in the Northern European market. Kemi-tech, in turn, already works closely with the Sdiptech company Water Treatment Products Ltd, one of the UK’s leading manufacturers of specialty chemicals with over 400 proprietary products in its range and specialist knowledge in areas such as legionella control. By combining their expertise, product offering and geographical focus, the companies will be able to help customers with an assortment that covers all types of customer needs, cutting-edge expertise in even more areas and more efficient solutions.

“With WaterTech as part of Sdiptech, we strengthen our ability to contribute to sustainable, efficient and safe societies. Their expertise in industrial water treatment and niche focus on heating and cooling systems complement our group in a good way, while we can expand our offering and geographical presence. WaterTech’s knowledge and customer base in industrial water systems is not only a valuable addition to our group, but also a strategic asset in the work towards a more sustainable future”, says Fredrik Navjord, Head of Resource Efficiency at Sdiptech.

WaterTech of Sweden has a turnover of approximately SEK 20 million, with good profitability. The company will be included in the Resource Efficiency business area as of April 2024.

More information about WaterTech of Sweden can be found on the company’s website: WaterTech of Sweden 

For further information, please contact:
Bengt Lejdström, CEO, +46 702 74 22 00, bengt.lejdstrom@sdiptech.com
My Lundberg, Head of Sustainability & IR, +46 703 61 18 10, my.lundberg@sdiptech.com

The information was provided by the above contact persons for publication, at 08:30 CEST on April 11, 2024.

Sdiptech’s common shares of series B are traded on Nasdaq Stockholm under the short name SDIP B with ISIN code SE0003756758. Sdiptech’s preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348. Further information is available on the company’s website: www.sdiptech.se

Sdiptech is a technology group that acquires and develops market-leading niche operations that contribute to creating more sustainable, efficient and safe societies. Sdiptech has approximately SEK 5,000 million in sales and is based in Stockholm.

 

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.