PORTLAND, Ore. (AP) – Maine-based Hydro International says it is acquiring Oregon-based Eutek Systems for $8.5 million in cash plus additional incentives.
Eutek and Hydro are the biggest makers of “grit-removal” equipment for wastewater treatment plants that help protect machinery at the plant from wear and tear.
Hydro is based in Portland, Maine, and trades on the London Stock Exchange (HYD).
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