March 21, 2019
Evac executes its growth strategy through both organic growth and acquisitions
Evac maintained a strong pattern of growth in 2018 with sales turnover rising to 156 MEUR in comparison with 105 MEUR in 2017.
The company continues to build its reputation as the world’s leading supplier of integrated water and waste management systems and services for ships, offshore platforms and buildings worldwide.
Acquisitions supporting strong growth
The acquisition of Cathelco in May 2018 with a turnover of 30 MEUR was another major step in enlarging Evac’s offering. This increased the product portfolio with the addition of marine growth prevention systems, corrosion protection systems and ballast water management systems (BWMS).
“Cathelco’s products provide a natural extension to our complete cleantech solutions, because they reduce maintenance costs and extend the life of hulls and other shipboard equipment”, says Tomi Gardemeister, CEO and President, Evac Group. “Looking to the future, the Evac Evolution ballast water treatment system developed by Cathelco, has enormous sales potential as ship owners worldwide comply with legislation to prevent the transfer of invasive species,” he continues.
Investment in acquisitions has continued in 2019. In January, Evac acquired Transvac Systems, the UK business specializing in the distribution and servicing of wastewater treatment systems, sanitary systems and ballast water treatment systems for ships and offshore platforms.
“The acquisition of Transvac demonstrates the emphasis that we are placing on being life-cycle partners for our customers, providing services from initial design and installation to maintenance and refit in later years”, highlights Gardemeister.