Aquisition by VILOKAN AB
Vilokan AB, the Swedish process water and solvent recovery group, has used its option to acquire a majority share of the Norwegian Engineering and Process technology company EPCON Evaporation Technology AS, with effect from January 1st 2023. With this acquisition, Vilokan will control approximately 53% of the shares in EPCON. Together the group will represent a strong and competitive player in the industrial markets for water recovery, energy recovery and sustainable resource utilization across a number of industries. The group together is with this transaction well positioned for the international green industry change.
Vilokan has built up a strong position internationally within process water recovery, recovery of aircraft deicing fluids and other solvents. For detailed and more information, please visit www.vilokan.com. EPCON has developed a strong international position within energy efficient thermal separation and energy recovery solutions through its evaporation, distillation and Mechanical Vapour Recompression (MVR) industrial heat pumps, to a number of different industry segments. For detailed and more information, please visit www.epcon.org. With the group’s financial, technical and operational enhanced strength, this transaction enable a significant international growth opportunity over the next few years.
Lars Rosell, Executive Vice President of Vilokan Group, and elected Chairman of the Board of EPCON Evaporation Technology AS, says: “We are very impressed by the extensive in-depth technical knowledge of separation technology and energy efficiency, which is why we see enormous global potential in EPCON's technology. Thanks to the shared knowledge and insights within EPCON and the Vilokan Group, we can contribute to minimizing damage to the environment through economically and environmentally sustainable recycling solutions”
Jan Haraldsen, Managing director of EPCON Evaporation Technology AS, says: “Being a part of a group of this size, will enable EPCON to take the next steps towards a robust and sustainable growth within its application areas, supporting the green shift of the global industry. There are a number of technical, business, strategical and financial synergies between the companies and within the group, that now fully may be explored and utilized, to the benefits of our customers. Already, several joint projects are initiated, and we see significant potential for further growth and utilization.”
For further information, please contact:
For Vilokan AB For EPCON Evaporation Technology AS
Lars Rosell Jan Haraldsen
+46 70 514 42 44 +47 926 09 084