Triogen Holdings Limited and its subsidiary Suez Purification and Disinfection Systems (together known as ‘Triogen’), is a global specialist water treatment company providing ozone, UV and AOP (Advanced Oxidation Process) technologies.
The transaction, which closed on 18th September 2019, marks the start of a new strategic partnership and sales agreement between BIO-UV Group and Suez Water Technologies & Solutions.
For BIO-UV, Triogen’s activities offer synergies including sales growth via access to new geographic markets and product portfolio extension into ozone and advanced oxidation process (AOP) technologies to enhance their competitive advantage.
Benoit Gillmann, Chairman and Chief Executive Officer of BIO-UV Group, shared: “We are convinced that the integration of Triogen will be a success and that we will develop considerable synergies with the support of Suez WTS. This acquisition also bolsters our confidence that we will achieve the goal set on our IPO of reaching €40m in revenues by 2022.”
Amane Advisors is proud to have carried out and managed the transaction process for BIO-UV through to completion, coordinating the due diligence process by working with other financial and legal advisors and conducting the commercial due diligence focusing on strategy, product and services offerings and organisation. Leveraging our deep understanding of the global water industry, we provided BIO-UV with the analysis needed to reinforce their market position and assist in developing their marketing plan and operations plan.
Thierry Noel, Founding Partner of Amane Advisors adds, “We have been working with Bio-UV for the past three years supporting their strategy deployment, IPO, and inorganic strategy. The Triogen acquisition brings BIO- UV in the top 6 players of the global high growth disinfection market, which is an outstanding achievement. The strategic rationale behind the acquisition is very strong and the market should understand the value creation potential. This is the 5th successful transaction for Amane Advisors in 2019 in the water industry, confirming our position as the leading advisor in the water industry.”
About BIO-UV Group
Founded in 2000 and headquartered in Lunel, France, Bio-UV Group is a leading UV water treatment system company designing, manufacturing and marketing a range of UV equipment to serve municipal, commercial and residential clients in water treatment.
About Amane Advisors
Amane Advisors is a global advisory firm dedicated to the water industry bringing services to its clients on all matters relating to their growth. Its clients range from multinationals, institutions and investors, to innovative start-ups and technology companies. Services include Strategy, Market Intelligence, Commercialization, M&A, PPP advisory and Digital.