Oldcastle infrastructure™, a CRH Company has announced that it has acquired Hydro International® from funds advised by Agilitas Private Equity LLP.
Bristol - headquartered Hydro is a leading provider of stormwater products, wastewater treatment products, wastewater services, and data solutions in North America and Europe.
Headquartered in Clevedon, UK, and with a sales presence in 19 countries, Hydro International has over 40 years of experience and a reputation for engineering excellence and industry-leading product performance.
Oldcastle Infrastructure said the strategic addition of Hydro to its water management offering further enables the company to fulfill its vision to be a leading provider of solutions in the circular water economy.
Factors including increased water regulation, aging infrastructure and increased government funding are paving the way for Oldcastle Infrastructure, to address the critical water treatment and management needs of global communities.
Acquiring Hydro further enhances its water treatment solutions offering, bringing product breadth, market expertise, and well-developed R&D capabilities.
Commenting on the acquisition, Jason Jackson, President, CRH Infrastructure Products said:
"We are continually looking for ways to create value for our customers through innovation and advanced technology. Bringing Hydro into our infrastructure solutions business directly aligns with that approach and further advances our water market strategy,"
"As one of the most respected players in the North American and UK stormwater and wastewater markets, Hydro brings extensive market knowledge and strong specification positions that will drive growth for us both in Europe and North America."
"The opportunities for synergy between Oldcastle Infrastructure and Hydro are tremendous," added Paul Cleaver, CEO, Hydro International.
"Hydro has a legacy of driving innovation and accelerating growth through new products and services development. Combining Hydro's product expertise with Oldcastle Infrastructure's commercial platform enables our teams to uniquely solve ever-expanding problems for our customers in the water market."