H2O Innovation: A New Era Begins with Final Order for Arrangement with Ember

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H2O Innovation, a leading water solutions company, has received the final order for its arrangement with Ember, marking a new chapter in its growth and development. The Superior Court of Québec issued the order on December 1, 2023, paving the way for the acquisition of H2O Innovation by Ember SPV I Purchaser Inc., an entity controlled by funds managed by Ember Infrastructure Management, LP.

Under the arrangement, Ember will acquire all of the issued and outstanding common shares of H2O Innovation, except for the shares to be retained by Investissement Québec, Caisse de dépôt et placement du Québec, and certain key executives. The purchase price for each share is set at C$4.25 in cash, in accordance with the statutory plan of arrangement under the Canada Business Corporations Act.

The completion of the arrangement is expected to take place in the coming days, pending the delivery of customary deliverables by both parties. This significant development opens up new opportunities for H2O Innovation and sets the stage for further growth and innovation in the water solutions industry.

For more detailed information about the arrangement, interested parties can refer to the Management Information Circular, which is available on the Corporation's profile on SEDAR+ and H2O Innovation's official website.

Cautionary Note and Forward-Looking Statements

As with any major business transaction, it is important to consider the potential risks and uncertainties associated with the arrangement. H2O Innovation has made certain forward-looking statements in connection with this press release and other communications, which are subject to various risks and factors that may cause actual results to differ from the projected outcomes.

These forward-looking statements include, but are not limited to, the timing and steps involved in completing the arrangement and the anticipated benefits. They also involve management's beliefs, plans, expectations, and intentions, as well as predictions and estimations of future events or conditions. H2O Innovation cautions that these statements are subject to uncertainties and risks that may cause actual results to differ materially from the projections.

It is noteworthy that forward-looking statements are based on certain assumptions, and any changes to these assumptions can impact the anticipated results. These statements are intended to assist investors in understanding the Corporation's objectives, priorities, expectations, and plans, as well as the overall business environment.

However, it is important to remember that forward-looking statements are inherently subject to uncertainties, risks, and changes in circumstances. While H2O Innovation considers these statements reasonable as of the date of this press release, they are still subject to potential changes and uncertainties that could significantly affect the actual results.

Factors that could potentially cause the actual results to differ from the forward-looking statements include failure to satisfy the conditions for completing the arrangement, significant costs or liabilities associated with the transaction, potential litigation, termination of the arrangement agreement, the diversion of management's attention, general economic conditions, and failure to realize expected benefits.

H2O Innovation advises readers to review its Annual Information Form, which provides additional information about the risks and factors to which the Corporation is exposed. It is available on SEDAR+ and offers a comprehensive understanding of the potential risks associated with the arrangement.

Moving Forward with Innovation

Despite the uncertainties and risks, H2O Innovation remains committed to driving innovation and delivering best-in-class technologies and services to its customers. The Corporation operates through three pillars: Water Technologies & Services (WTS), Specialty Products (SP), and Operation & Maintenance (O&M).

WTS focuses on applying membrane technologies and engineering expertise to provide equipment and services to municipal and industrial water, wastewater, and water reuse customers. SP encompasses businesses that manufacture and supply specialty chemicals, consumables, and engineered products for the global water treatment industry. Finally, O&M offers contract operations and associated services for water and wastewater treatment systems.

With innovation at the core of its operations, H2O Innovation aims to simplify water and contribute to a sustainable future. The arrangement with Ember sets the stage for further advancements and growth in the industry.

In conclusion, H2O Innovation's arrangement with Ember signifies a new era for the Corporation and the water solutions industry as a whole. With the final order in place, H2O Innovation is poised for growth and innovation in the coming days. By leveraging its expertise and commitment to delivering best-in-class solutions, the Corporation is well-positioned to shape the future of water management.

For more information about H2O Innovation and its water solutions, please visit their official website.