ASDR Announces Acquisition of ECO Technologies - ASDR Canada
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ASDR Announces Acquisition of ECO Technologies

12 May 2022
Dragues ECO Technologies

ASDR Canada Inc. (ASDR), a leading firm providing diversified engineering, water treatment services and turnkey solutions to the mining sector, is happy to announce the acquisition of ECO Technologies, an innovative dredging and environmental services company.

”We are very pleased to announce this strategic acquisition that strengthens ASDR as a whole by expanding our geographical presence, while solidifying our inroads with leading clients across Canada. It also consolidates our end-to-end water treatment offering, from dredging through to sludge dewatering and water management”, said Stephen Authier, President and Chief Executive Officer (CEO) of ASDR.

“ECO Technologies has a strong dredging team of more than 30 members, a fleet of specialized equipment and decades of experience in delivering a wide variety of water-based interventions. We are excited to join the ASDR team to take on the most challenging environmental remediation and water treatment projects. This association will also allow us to offer a wider range of services to our clients through a one-stop shop”, concluded Marc Maurice, President of ECO Technologies.

Strategic Benefits of the Acquisition

Growth Strategy and Expanded Expertise:
 The acquisition is part of ASDR’s strategy to accelerate growth and strengthen its water treatment division’s value proposition. ECO Technologies is well known in the industry for their expertise in dredging and preventive icebreaking, which complements ASDR’s offerings to better serve its business partners. This vertical integration will increase ASDR’s competitiveness and allow it to participate in larger and more complex projects in the mining, industrial and government sectors.

Sustainable Development: The acquisition provides ASDR with a new client base and markets in which to expand its activities, especially in the Maritimes and across Western Canada. It will also reinforce ASDR’s long-term goal of providing sustainable environmental solutions to overcome today’s challenges and surpass clients’ objectives.

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