Modern Water purchases Cogent Environmental shares

Water-technology company Modern Water announced the purchase on 2 February 2011 of the entire share capital of Cogent Environmental, a private company specialising in environmental-monitoring equipment, from the private equity investor Sultan Scientific and its nine other existing shareholders.

As a result, Modern Water has established a new dedicated division, MW Monitoring, to consolidate its activities in the instrumentation and monitoring industry.

In the financial year to 30 September 2009, Cogent Environmental had a turnover of £712,000 and made a loss of £233,000.