ATS Corporation (TSX: ATS) (NYSE: ATS) ("ATS" or the "Company") a leading automation solutions provider, today announced it has entered into a definitive agreement to acquire Avidity Science, LLC ("Avidity"), a growing designer and manufacturer of automated water purification solutions for biomedical and life science applications, for US$195 million (~C$265 million), representing 11.2x Avidity's projected calendar 2023 adjusted EBITDA1,2, or 10.3x Avidity's projected calendar 2023 synergy-adjusted EBITDA1,2. The Company expects US$1.5 million of cost and commercial synergies by year 3, and US$2.6 million of cost and commercial synergies by year 5. The acquisition is subject to customary post-closing adjustments.
‘Now is the time to protect these wetlands’
Using high-resolution satellite images and computer modelling, researchers from the University of Waterloo have documented the importance small wetlands play in water purification and conservation. “What our work showed is that they are actually really important,” said Nandita Basu, a professor at the University of Waterloo and Canada Research Chair in Global Water Sustainability and Ecohydrology.
Quest Water and Aquatap (TM) Oasis Announce Partnership with Trust Merchant Bank and Launch of New Distributor-Based Business Model
QUEST WATER GLOBAL, INC. (OTC Pink: QWTR) ("Quest" and/or the "Company"), an innovative water technology company and developer of the solar-powered AQUAtap™ water purification, desalination, and distribution technology, announced today that the Company’s joint venture in the Democratic Republic of the Congo (the “DRC”), AQUAtap™ Oasis Partnership SARL (“AQUAtap™ Oasis”), has partnered with Trust Merchant Bank (TMB) in the DRC to launch a new distributor-based business model.
U.S Point Of Use Water Treatment System Market Report 2022 - Featuring Huntsman, Croda International and Stepan Among Others
The "U.S Point Of Use Water Treatment System Market 2022" report has been added to ResearchAndMarkets.com's offering. According to this report, Point-of-Use Water Treatment Systems market was valuated at $9.5 billion in 2015 and is expected to reach $15.6 billion by 2022. Water purification has become the need of the hour as UN records more than 4 billion cases of diarrhoea every year due with the major cause being water contamination. Health institutes, public organizations, governments and NGOs have been aggressive in promoting many of these water treatment systems particularly in the developing countries where access to safe drinking water is limited or scarce.
Military arrives in Iqaluit to set up reverse osmosis water purification
The Canadian Armed Forces says its members have arrived in Nunavut's capital to assist with the city's ongoing water emergency. Prime Minister Justin Trudeau tweeted Friday that he had spoken with Nunavut Premier Joe Savikataaq and the military would be deployed to Iqaluit to co-ordinate and deliver clean drinking water. Late Saturday, the military tweeted that there are over 20 Canadian Armed Forces members in Iqaluit setting up deployable equipment for reverse osmosis water purification.
To be resilient, the Canadian Prairie needs lots of wetlands
In the Canadian Prairies, wetland drainage has resulted in the loss of more than 40 percent of natural wetlands. The impacts associated with this drainage are largely unmitigated. Wetlands are key ecosystem features that provide numerous services, like water purification, that are integral to social and ecological systems. Because wetlands occur largely in depressions, they regulate stream flow by acting as reservoirs for snow and rain, and many are places where groundwater can be replenished. In the prairie climate, the presence of water lends these systems to being a crucial habitat for many organisms.