# Veralto invests $15 million in Axine Water Technologies

Veralto Corporation announced an investment of approximately $15 million to establish a minority interest in Axine Water Technologies, a provider of electrochemical oxidation technology for contaminant destruction.

- Type: Investment
- Announced: 2024-11-13
- Value: $15.0M
- Status: announced
- Products: electrochemical oxidation technology, contaminant destruction solutions
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Axine Water Technologies](https://endata.com/companies/52289.md) (target)
- [Veralto](https://endata.com/companies/70832.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/veralto-invests-in-axine-water-technologies-302303679.html), 2024-11-13: "We believe Axine's electrochemical oxidation technology provides a promising solution for difficult-to-treat organic contaminants, and our strategic partnership is aligned with our commitment to helping deliver clean water."

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