COLUMBIA, SC, November 17, 2014 – Two Industry Leaders –AVANTech, Inc. headquartered in Columbia, SC and Diversified Technologies Services, Inc. (DTS) headquartered in Knoxville, TN have reached a definitive agreement to integrate their capabilities and offer specialized radioactive, hazardous and non-hazardous liquid treatment, products and services worldwide. Terms of the transaction were not disclosed.
The expanded company, AVANTech, will continue to focus on water management services and reducing costs and waste products. AVANTech brings its engineering, design and manufacturing capabilities which will be fully integrated with DTS’s field services, system leasing and products to provide coordinated solutions to the nuclear and power industry. Together the two companies have provided products and services to over 150 nuclear facilities in 14 different countries.
Upon completion of the transaction DTS will become a division of AVANTech and will continue to expand in its Knoxville, TN manufacturing and service facility. AVANTech’s corporate headquarters will remain in Columbia, SC but will be moving in December to a new facility with three times its current manufacturing and office space in response to rapid growth and increased client demand. All of the current employees of both DTS and AVANTech will remain with the company. Jim Braun will continue to serve as the AVANTech’s President and Chuck Jensen will serve as Executive Vice-President.
President Jim Braun remarked, “This transaction between industry leaders doubles AVANTech’s capacity and provides us with key operations personnel and products needed to provide full services to the utility radioactive waste market. This rounds out our complete offering”.
“I am pleased that the company I founded 25 years ago will continue to grow and expand in the nuclear market”, stated Chuck Jensen. “Both AVANTech and DTS were leaders in their areas and now they complement each other in one organization to make us the full service answer to nuclear industry needs.”
AVANTech, Inc. is a comprehensive radioactive and industrial water treatment solutions provider. Their extensive experience in engineering process systems enables them to create integrated solutions that dramatically improve operations in industrial, government, commercial and nuclear power applications. The combined company has a number of patented technologies and products.
For additional information, contact Gary Benda at 803-407-7171 or GBenda@AVANTechinc.com To learn more about AVANTech visit www.AVANTechinc.com.