4th Feb 2015 08:45
LONDON (Alliance News) - Hydro International PLC on Wednesday said it has acquired the operating assets and brand of Florida-based Settled Solids Management.
Hydro, the water management services company, said SSM provides services to remove sand and grit from wastewater treatment plants. It will become part of Hydro's Wastewater arm, based in the US state of Oregon.
No financial details were provided on the deal.
"As we continue to drive growth efforts, particularly with our services strategy, this deal represents an important step forward to broaden the scope of what we can offer to better serve our customer base, always building around our core technology," said Hydro Chief Executive Officer Michael Jennings.
Hydro shares were down 2.6% on Wednesday at 95.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
HYD.L