Veralto Invests in Axine Water Technologies
Veralto Corporation, one of the global leaders in essential water and product quality solutions dedicated to Safeguarding the World’s Most Vital Resources™, announced an investment of approximately USD15 million to establish a minority interest in Axine Water Technologies, a leading provider of electrochemical oxidation technology for contaminant destruction.
Axine’s electraCLEAR solution provides simple, safe, efficient, and cost-effective destruction of organic contaminants in pharmaceuticals and industrial wastewater, including long and short-chain PFAS.
Veralto’s Water Quality segment provides one of the most comprehensive portfolios of water analytics and advanced water treatment solutions to help customers manage, test, treat, and protect our global water supply, from municipal treatment facilities and industrial processes to lakes, rivers, watersheds, and oceans.
The strategic collaboration with Axine builds upon Veralto’s diverse portfolio of water solutions for customers. Veralto’s minority position in Axine includes a commercial agreement in North America with the Company’s Trojan Technologies business aimed at increasing Axine’s customer reach, expanding its presence in municipal and industrial markets and scaling its technology.
Our Water Quality operating companies have a proven track record of developing and commercialising technologies that help customers detect and destroy emerging contaminants. A key part of our growth strategy in Water Quality is developing fit-for-purpose solutions to help our customers meet complex challenges. We believe Axine’s electrochemical oxidation technology provides a promising solution for difficult-to-treat organic contaminants, and our strategic partnership is aligned with our commitment to helping deliver clean water.
Jennifer L. Honeycutt, President and Chief Executive Officer of Veralto
“We have a history of treating wastewater, allowing our clients to focus on their valuable core products. I am excited about Verlato’s investment and partnership, which we believe will help position Axine to grow in municipal and industrial markets and deliver greater value to customers” said Mark Ralph, CEO of Axine Water Technologies.
ABOUT VERALTO
With annual sales of USD5 billion, Veralto is one of the global leaders in essential technology solutions with a proven track record of solving some of the most complex challenges we face as a society. Its industry-leading companies with globally recognised brands are building on a long-established legacy of innovation and customer trust to create a safer, cleaner, more vibrant future. Headquartered in Waltham, Massachusetts, Veralto’s global team of 16,000 associates is committed to making an enduring positive impact on our world and united by a powerful purpose: Safeguarding the World’s Most Vital Resources™.
ABOUT AXINE WATER TECHNOLOGIES
Axine Water Technologies is one of the leading providers of electrochemical oxidation technology for industrial wastewater treatment. Axine’s electraCLEAR™ offers cost-effective complete destruction of long- and short-chain PFAS. With over 150,000 hours of full-scale commercial operating experience since 2017, their treatment-as-a-service model addresses compliance with current and future regulations.