# H2O Innovation acquires remaining 76% of Genesys Membrane Products

H2O Innovation acquired the remaining 76% of Genesys Membrane Products (GMP) in Madrid, Spain, from arm's length sellers. The purchase price is based on 2x EBITDA for 2020-2022, with an initial payment of €1.54 million.

- Type: Acquisition
- Announced: 2021-02-09
- Where: Madrid, Spain
- Status: completed
- Products: membrane chemicals, specialty chemicals, filters
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [H2O Innovation Inc](https://endata.com/companies/20298.md) (acquirer)
- [Genesys Membrane Products](https://endata.com/companies/53123.md) (target)

## Sources

- [smartwatermagazine.com](https://smartwatermagazine.com/news/h2o-innovation/h2o-innovation-acquires-gmp-boost-its-membrane-chemicals-capabilities), 2021-02-09: "The acquisition of GMP should be seen as the next logical step in our goal of developing the world's largest membrane specialty chemicals"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.