Montrose Environmental Group Acquires Expertise in Water Treatment and PFAS Removal in Scandinavia
08 Agosto 2023 - 9:00AM
Business Wire
- Transaction Marks Montrose’s First European
Acquisition
Montrose Environmental Group, Inc. ("Montrose" or the "Company")
(NYSE: MEG) today announced the acquisition of Vandrensning,
experts in water treatment specializing in treating landfill
leachate for PFAS and heavy metals in Scandinavia. Founded and
headquartered in Denmark, the Vandrensning team will be integrated
into Montrose’s ECT2 division, a global leader in cutting-edge
solutions that mitigate the impact of emerging contaminants in air
and water.
The acquisition of Vandrensning marks Montrose’s first in
Europe, and strengthens ECT2’s technical presence in the European
water treatment industry, particularly in Scandinavia. Vandrensning
today operates in Denmark, Norway and Sweden, and is known for
handling complex technical challenges.
Montrose Chief Executive Officer and President, Vijay
Manthripragada, commented: “The Vandrensning team strengthens our
capabilities and complements our team in northern Europe. Our
collective ability to provide a more sustainable water treatment
solution resonates well in the markets that we and Vandrensning
serve today. We are eager to collaborate and work towards our
shared commitment to provide clients with the most advanced and
all-encompassing technological solutions for PFAS removal and water
treatment.”
About Montrose Montrose is a leading environmental
solutions company focused on supporting commercial and government
organizations as they deal with the challenges of today, and
prepare for what’s coming tomorrow. With approximately 3500
employees across more than 90+ locations around the world, Montrose
combines deep local knowledge with an integrated approach to
design, engineering, and operations, enabling the Montrose to
respond effectively and efficiently to the unique requirements of
each project. From comprehensive air measurement and laboratory
services to regulatory compliance, emergency response, permitting,
engineering, and remediation, Montrose delivers innovative and
practical solutions that keep its clients on top of their immediate
needs – and well ahead of the strategic curve. For more
information, visit www.montrose-env.com.
Forward‐Looking Statements This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements may be identified by the use of words such as “intend,”
“expect”, and “may”, and other similar expressions that predict or
indicate future events or that are not statements of historical
matters. Forward-looking statements are based on current
information available at the time the statements are made and on
management’s reasonable belief or expectations with respect to
future events, and are subject to risks and uncertainties, many of
which are beyond the Company’s control, that could cause actual
performance or results to differ materially from the belief or
expectations expressed in or suggested by the forward-looking
statements. Additional factors or events that could cause actual
results to differ may also emerge from time to time, and it is not
possible for the Company to predict all of them. Forward-looking
statements speak only as of the date on which they are made, and
the Company undertakes no obligation to update any forward-looking
statement to reflect future events, developments or otherwise,
except as may be required by applicable law. Investors are referred
to the Company’s filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the year
ended December 31, 2022, for additional information regarding the
risks and uncertainties that may cause actual results to differ
materially from those expressed in any forward-looking
statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20230808398557/en/
Montrose Contacts Investor Relations: Rodny Nacier (949)
988-3383 ir@montrose-env.com
Media Relations: Doug Donsky (646) 361-1427
pr@montrose-env.com
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