Veralto Acquires Minority Stake in Axine Water Technologies

MT Newswires Live

2024/11/13

Veralto (VLTO) said Wednesday it has acquired a minority stake in Axine Water Technologies, a provider of industrial wastewater treatment technology, for about $15 million.

Veralto said the minority stake includes a commercial agreement in North America with its Trojan Technologies business aimed at increasing Axine's customer reach, expanding its presence in municipal and industrial markets and scaling its technology.

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