M&A Deal Summary

Ionics Acquires Ecolochem

On February 23, 2004, Ionics acquired environmental company Ecolochem for 343M USD

Acquisition Highlights

This is Ionics’ 1st transaction in the Environmental sector.
This is Ionics’ largest (disclosed) transaction.
This is Ionics’ 1st transaction in the United States.
This is Ionics’ 1st transaction in Connecticut.

M&A Deal Summary
Date	2004-02-23
Target	Ecolochem
Sector	Environmental
Buyer(s)	Ionics
Deal Type	Add-on Acquisition
Deal Value	343M USD
Advisor(s)	Needham & Co. LLC (Financial)

Target

Ecolochem

East Hartford, Connecticut, United States

Ecolochem is a leading provider of emergency, short and long-term mobile water treatment services to the power, petrochemical and other industries.

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Buyer(S) 1

Buyer

Ionics

Burlington, Massachusetts, United States

Category	Company
Founded	1948
Sector	Environmental

DESCRIPTION

Ionics, Inc. is a designer, installer of water and wastewater treatment systems for power utilities and other industrial customers.

DEAL STATS	#
Overall	1 of 1
Sector (Environmental)	1 of 1
Type (Add-on Acquisition)	1 of 1
State (Connecticut)	1 of 1
Country (United States)	1 of 1
Year (2004)	1 of 1
Size (of disclosed)	1 of 1