Ecolab, a global leader in water, hygiene, and energy technologies and services, announced a definitive agreement to acquire Ovivo’s Electronics business, a leading provider of ultra-pure water technologies for semiconductor manufacturing.

This strategic acquisition will enhance Ecolab’s high-tech growth platform by combining Ovivo’s cutting-edge water technologies with Ecolab’s global service capabilities, digital solutions, and water management expertise.

The combined technology platform will enable Ecolab to deliver circular water solutions that significantly reduce fresh water consumption while maximizing chip production and quality for the rapidly growing microelectronics industry. Ovivo Electronics is projected to generate approximately $500 million in sales in 2025 and employs over 900 professionals worldwide. Ecolab will acquire the business for approximately $1.8 billion in cash, subject to customary adjustments.

“Ovivo Electronics’ technologies provide the world’s purest water, critical for producing today’s most advanced microchips,” said Christophe Beck, Chairman and CEO of Ecolab. “A single microelectronics fab can consume the annual drinking water needs of 17 million people. By integrating Ovivo’s solutions with Ecolab’s global water, digital, and service capabilities, we will deepen support for the microelectronics and AI sectors, delivering sustainable, circular water solutions that optimize chip quality and performance.”

The acquisition will more than double the size of Ecolab’s global high-tech water growth platform, positioning the company as a leader in this high-growth market. The combined $800 million global high-tech business is expected to achieve strong double-digit growth with attractive operating margins.

The transaction is expected to close in the first quarter of 2026, pending regulatory approvals and customary closing conditions. Ecolab anticipates the acquisition will generate double-digit returns and be immediately accretive to sales growth. During the first year, the transaction is expected to be neutral to adjusted earnings per share, excluding approximately $45 million of non-cash amortization costs, with contributions expected to increase through 2027 and beyond. Post-acquisition, Ecolab’s net debt to adjusted EBITDA is projected to be approximately 2x, aligned with the company’s long-term leverage target.