SKion and Caisse-owned Ovivo buys Westech's Varec Biogas
Ovivo Inc has acquired Varec Biogas, a U.S. affiliate of Westech Industrial Ltd, a Calgary-based supplier of analytical instrumentation and process control equipment. No financial terms were disclosed. Based in Stafford, Texas, and Huntington Beach, California, Varec designs, services and distributes biogas safety and handling equipment for municipal waste management and industrial applications. Ovivo, a Montréal-based water treatment company, said the acquisition is complementary to its biosolids management and resource recovery offering. Ovivo was acquired in 2016 by German family office SKion GmbH and Caisse de dépôt et placement du Québec for $185 million.
16 April 2019•3 mins read
