Hydro International (AIM: HYD) – acquisition looks interesting and rating modest
The leading provider of environmentally sustainable and innovative solutions to water management has announced the purchase of the operating assets and brand of Florida based Settled Solids Management (SSM)
SSM is an established specialist provider of services to remove sand and grit from wastewater treatment plants. These operational services, based around a patented Vertical Grit Separator system, are well aligned with Hydro’s world leading grit removal technologies. The business will operate as part of Hydro’s Americas Wastewater division which is headquartered in Hillsboro, Oregon. AIM quoted Hydro International plc (Hydro) is a global supplier of environmentally sustainable products and innovative solutions for the control and treatment of stormwater, wastewater and combined sewer overflows. Hydro’s products use a range of advanced technologies including award-winning advanced vortex technology. The Group’s European…