Italy's De Nora rises as it buys Singapore's BW Water for up to $66.5 million

Industrie De Nora

26/05/2026 08:41

** Shares in Italy's Industrie De Nora DNR.MI are up around 5% in early trade after the electrochemical company announced the acquisition of BW Water for an enterprise value of $61.5 million to $66.5 million

** BW Water is a Singapore-based integrated water treatment solutions provider, which in 2025 reported revenue of $91.5 million, normalized EBITDA of $3 million

** Deal will initially be dilutive, Jefferies says, until expected cost synergies of $7 million over three years are realized

** "The acquisition represents a strategic expansion of De Nora's Water Technologies business, strengthening its position across end-to-end water treatment solutions and increasing exposure to high-growth markets such as semiconductors, desalination and mining" the brokerage adds

** Including today's rise the stock has gained 4.18% YTD - LSEG data​

 (Reporting by Mirko Miorelli)

 ((Mirko.Miorelli@thomsonreuters.com))