Evoqua announces definitive agreement to divest memcor product line

Evoqua water technologies announced an agreement to divest its memcor membrane product line to dupont safety & construction. the transaction, which includes the product line’s global workforce, its manufacturing site in windsor, australia, associated operations and intellectual property, is expected to close by the end of 2019, subject to customary terms and closing conditions. the sale of memcor allows evoqua to focus on core products and solutions in line with its strategy toward digitally enabled, recurring revenue-based businesses. evoqua will continue to design, source and assemble membrane-based systems for customers, incorporating best in class component technologies from partners like dupont whose core competence resides in membrane development and manufacturing. the memcor product line represents more than 30 years of expertise in membranes and systems for municipal drinking water, wastewater reuse and wastewater applications. memcor products are also used as pretreatment to reverse osmosis in industrial applications. evoqua and dupont have a legacy of deep collaboration in ion exchange and reverse osmosis, with dupont supplying materials for evoqua’s system. that collaboration will now extend to low pressure membranes and strengthen the strategic partnership between the two companies.
AQUA Ratings Summary
AQUA Quant Ranking