On February 15, 2024, Ovivo Inc. ("Ovivo"), a global provider of water and wastewater treatment equipment, technologies and systems, announced its acquisition of E2metrix Inc. ("E2metrix").
Headquartered in Montréal, Quebec, Ovivo is owned by German SKion Water GmbH, a global technology and solution provider as well as plant manufacturer, in both municipal and industrial water and wastewater technology. SKion Water is a subsidiary of German entrepreneur Susanne Klatten's investment holding SKion GmbH.
E2metrix is a Sherbrooke, Quebec-based technology company which specializes in innovative and clean electro-technologies that are particularly effective for destroying perfluoroalkyl and polyfluoroalkyl substances ("PFAS"), commonly called the forever chemicals, and other emerging contaminants present in water and wastewater.
Since December 2021, Ovivo and E2metrix have been exclusively collaborating to develop an onsite commercially viable treatment system to remove and destroy PFAS present in municipal drinking water and other wastewaters utilizing E2metrix' electrochemical oxidation technology at the heart of the integrated solution. The objective of this solution is to permanently safeguard public health and provide a viable onsite PFAS destruction option to our customers. In 2022, in conjunction with this exclusive collaboration, Ovivo made a strategic investment and took an equity participation in E2metrix to strengthen the partnership and accelerate the commercial development of the integrated solution.
Gowling WLG was counsel to Ovivo in this transaction with a team that included Robert Dorion, Georgi Paskalev, Camille Beaudry and Angelina Argento-Scalia (corporate/M&A) and Malya Amghar (tax).