U.S. Company Buys Fredericton’s ADI
Pittsburgh-based Evoqua Water Technologies has bought ADI Systems, Lange Containment and Geomembrane Technologies from ADI Group Inc. of Fredericton for an undisclosed price.
In a statement released Wednesday, Evoqua said the three businesses are world leaders in wastewater solutions for industrial and manufacturing applications, primarily based in Fredericton.
Founded in 1989, ADI has about 100 employees. It will become a part of Evoqua’s Integrated Equipment Technologies segment within its Industrial Division.
The ADI businesses offer a wide range of technologies tailored to their customer base around the world in anaerobic digestion, aerobic treatment, and biogas treatment. They also provide green energy recovery and water reuse technologies as well as industrial wastewater cover liners and containment systems. Combined, ADI Systems and Lange Containment based in Fredericton, and Geomembrane Technologies based in Denver, Colorado have more than 260 customers in 35 countries.
Read more about this story in Entrevestor.