Eimco Water Technologies (GLV)

What is it?

Eimco is the water technology subsidiary of GLV, which is publicly traded on the Toronto Stock Exchange.

What has it done?

During 2009, Eimco acquired Christ Water Technologies, doubling its revenues in the water sector. The company also continued to invest in new technologies and act as a licensor for third parties.

What makes it special?

• The greatest challenge of the water technology sector is fragmentation: there are too many under-scale technology companies trying to reach a global market of hundreds of thousands of utilities, many of which have deeply conservative attitudes to innovation. Eimco is the first significant industry consolidator to emerge since USFilter in the 1990s. The scale of its ambition will help accelerate the spread of new technologies across the water industry.

• During 2009, Eimco has developed technologies with a clear focus on energy reduction and sustainability, bringing significant improvements in the performance of clarifiers, control systems, intakes and membrane bio-reactors.

• Eimco is also an important collaborator with third party technology developers, as evidenced in 2009 by its joint venture with Global Water Engineering for anaerobic waste-to-energy systems, and its licensing arrangements for LM Mixer and Cenetik.