September 22, 2017 7:13 AM ET


Company Overview of Ovivo Inc.

Company Overview

Ovivo Inc. provides water and wastewater treatment equipment, technology, and systems for energy, municipal, and electronics markets. It offers boiler feed water treatment, cooling water treatment, transformer oil treatment, condensate polishing, flue gas desulfurization wastewater treatment, condenser/cooling water circuit optimization, and filtration products, as well as chemical solutions for power market; and boiler feed water treatment, raw water intake, heat exchanger/condenser optimization, and process/wastewater treatment products for the petrochemical market. The company also provides produced water primary treatment, seawater injection, potable water distribution, produced water se...

2001 McGill College Avenue

Suite 2100

Montréal, QC H3A 1G1


Founded in 1975

800 Employees

Key Executives for Ovivo Inc.

Chief Executive Officer, President and Non Independent Director
Age: 49
Chief Operating Officer
President of GL&V Pulp and Paper Group
Senior Vice President of Electronics
Age: 51
Senior Vice President of Municipal
Compensation as of Fiscal Year 2017.

Ovivo Inc. Key Developments

Ovivo Inc. Wins £27 Million Contract to Supply the Cooling Water Intake Screening System At Hinkley Point C

Ovivo Inc. won a major contract worth over £27 million by EDF Energy, to provide the cooling water intake screening system for the new 3,200 MW Hinkley Point C nuclear power station to be built in Somerset. Through its heritage brand Brackett Green®, the company will be supplying a complete cooling water intake screening system, processing more than 191 cubic meters per second of water that will be used for cooling both the electricity generating steam-cycle and the nuclear reactor services. The equipment will be primarily designed at the company 's Colchester office and mainly manufactured at various approved facilities within the United Kingdom. The contract duration is estimated at 8 years. The scope of work includes the design, fabrication, delivery and technical support during the erection and commissioning of four Drumscreens, four Frameless Dual Flow Band Screens, twenty Trash Rack Screens, twenty Raking Screens, twelve On-Line Debris Filters and all the auxiliary components. Once installed, the Drumscreens will be the largest screens of their type in the world, with a diameter of 27 m by a width of 6.84 m, approximately 30% larger than its closest rival.

Ovivo Inc. To Be Deleted From Other OTC

Ovivo Inc.’s ordinary shares will be deleted from Other OTC, effective September 20, 2016. The deletion was due to Acquisition/Merger/Amalgamation.

Ovivo Inc. Announces Consolidated Earnings Results for the First Quarter of Fiscal Year 2017

Ovivo Inc. announced consolidated earnings results for the first quarter of fiscal year 2017. For the quarter, the company reported revenues of $81.8 million and adjusted EBITDA of $3.0 million for the first quarter of fiscal 2017, compared with $76.0 million and $3.2 million, respectively, for the same quarter of the previous fiscal year. The Corporation reported adjusted net earnings attributable to shareholders of $0.5 million or $0.01 per share, basic and diluted, which include adjusted net earnings from continuing operations of $0.7 million, partly offset by a net loss from discontinued operations of $0.2 million. Revenues for the first quarter of fiscal 2017 were up 8% from the same period of the previous fiscal year (organic change of 4% at constant exchange rates), driven by higher sales of new equipment in the Electronics market in Asia and the Energy market in North America and Europe, among other factors. This increase was partly offset by lower revenues in the Municipal North America market resulting from the execution schedule for current projects. Upgrading, Parts and Services revenues grew by 6% from the same period of the previous fiscal year, and accounted for nearly 30% of company's total revenues during the first quarter of fiscal 2017. Total net debt of $1.2 million as at June 30, 2016, slightly higher than as at March 31, 2016.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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