logo
logo

Evoqua Water Technologies Closes Acquisition Of Smith Engineering, Inc.

Jul 05, 2022•about 3 years ago

Acquiring Company

Evoqua Water Technologies

Acquired Company

Smith Engineering

Water PurificationWater

Description

Evoqua Water Technologies (NYSE: AQUA), an industry leader in mission-critical water treatment solutions, today announced the closing of the previously announced acquisition of Smith Engineering, Inc. The addition of the business will enhance Evoqua's portfolio of high purity water treatment systems and expand its service footprint in North America.

Company Information

Company

Evoqua Water Technologies

About

Evoqua is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, PA the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life®. To learn more, visit www.evoqua.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed