Dupont de nemours, inc. (nyse:dd) signed a definitive agreement to acquire evoqua water technologies membrane systems pty ltd and memcor® product line from evoqua water technologies corp. (nyse:aqua) and others for $110 million.

Dupont de nemours, inc. (nyse:dd) signed a definitive agreement to acquire evoqua water technologies membrane systems pty ltd and memcor® product line from evoqua water technologies corp. (nyse:aqua) and others for $110 million on october 1, 2019. the consideration is subject to closing adjustments. the transaction includes the purchase of all of the shares of evoqua water technologies membrane systems and memcor product line’s global workforce, its manufacturing site in windsor, australia, associated operations and intellectual property. the transaction is subject to the any waiting periods and any other obligations, or requirements applicable under antitrust laws of the jurisdictions, shall have expired or been complied with, as applicable, or early termination there under shall have been granted, the australian competition and consumer commission shall have indicated in writing to the buyer that it does not propose to intervene in the acquisition contemplated by this document pursuant to section 50 of the australia competition and consumer act 2010, any other material consent, approval, clearance or authorization of any governmental authority, and other customary closing conditions. the transaction is expected to close by the end of 2019. darrick m. mix of duane morris llp acted as the legal advisor to dupont de nemours and robert p. zinn of k&l gates llp acted as the legal advisor to all the sellers as part of the transaction.
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