Pentair, Inc. has completed the acquisition of the Clean Process Technologies division of Norit Holding, B.V. The acquisition took place at a purchase price of €503 million.
Randall J. Hogan, Pentair Chairman and CEO explained the underlying motivation behind the take-over. He said, $quot;CPT is a great fit for Pentair. The combination of CPT with Pentair’s Filtration Solutions business creates a global leader in water and beverage filtration technologies, systems and solutions and strengthens our presence in fast growth regions, including China, Latin America and the Middle East.$quot;
Based in the Netherlands, CPT is a global leader in membrane solutions and clean process technologies in the high growth water and beverage filtration and separation market segments. CPT’s product offerings include innovative ultrafiltration and nanofiltration membrane technologies, aseptic valves, CO2 recovery and control systems in addition to specialty pumping equipment.
Pentair is a global diversified industrial company headquartered in Minneapolis, Minnesota. Its Water Group is a global leader in providing innovative products and systems used worldwide in the movement, treatment, storage and enjoyment of water.