{"id":405706,"date":"2020-12-28T06:58:17","date_gmt":"2020-12-28T11:58:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405706"},"modified":"2020-12-28T06:58:17","modified_gmt":"2020-12-28T11:58:17","slug":"pentair-completes-acquisition-of-rocean","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pentair-completes-acquisition-of-rocean\/","title":{"rendered":"Pentair Completes Acquisition of Rocean"},"content":{"rendered":"

<\/p>\n

Pentair Completes Acquisition of Rocean<\/b><\/p>\n

Advancing Smart, Sustainable Solutions to Reduce Need for Single-Use Plastic Water Bottles<\/i><\/p>\n

LONDON–(BUSINESS WIRE<\/a>)–
\nPentair plc (NYSE:PNR), a leading water treatment company, today announced that it has completed its acquisition of Be the Change Labs, Inc., d\/b\/a Rocean. Rocean is an innovative technology and thought leader in smart, sustainable, water solutions. Its smart filtration devices provide counter top filtration solutions to help reduce single use plastic bottles in homes and businesses keeping them out of landfills and oceans.\n<\/p>\n

\n\u201cThis acquisition further advances our strategy to expand our core water treatment products in the residential and commercial water business and allows us to continue serving customers in new ways, while also supporting our efforts to create a more sustainable future,\u201d said Mario D\u2019Ovidio, Executive Vice President and President, Pentair Consumer Solutions. \u201cTogether, we can connect people to great water in the home, on the go and around the world.\u201d\n<\/p>\n

\nThe Rocean One<\/i> was recently recognized by TIME<\/i> as a \u201cSpecial Mention\u201d for its list of \u201cBest Inventions of 2020.\u201d\n<\/p>\n

ABOUT PENTAIR PLC<\/b><\/p>\n

\nPentair makes the most of life\u2019s essential resources, from our residential and business solutions that help people move, improve and enjoy their water, to our sustainable innovations and applications. We deliver solutions that help ensure the health of the world. Smart, sustainable solutions, for life.\n<\/p>\n

\nPentair had revenue in 2019 of $3 billion, and trades under the ticker symbol PNR. With approximately 120 locations in 25 countries and 9,500 employees, we believe that the future of water depends on us. To learn more, visit Pentair.com<\/a>.\n<\/p>\n

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS<\/b><\/p>\n

\nThis release contains statements that we believe to be \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made about the acquisition, including the anticipated benefits of the acquisition, are forward-looking statements subject to risks and uncertainties, such as the company\u2019s ability to integrate the acquisition successfully, as well as other risk factors contained in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this release. Pentair plc assumes no obligation, and disclaims any obligation, to update the information contained in this release.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201228005054\/en\/<\/a><\/span><\/p>\n

Jim Lucas
\n<\/span>
Senior Vice President, Treasurer and Investor Relations
\n<\/span>
Tel: 763-656-5575
\n<\/span>
Email: jim.lucas@pentair.com<\/a><\/span><\/p>\n

Rebecca Osborn
\n<\/span>
Senior Manager, External Communications
\n<\/span>
Tel: 763-656-5589
\n<\/span>
Email: rebecca.osborn@pentair.com<\/a><\/span><\/p>\n

KEYWORDS:<\/b> Europe United States United Kingdom North America Minnesota<\/p>\n

INDUSTRY KEYWORDS:<\/b> Natural Resources Environment Other Technology Technology Other Natural Resources<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Pentair Completes Acquisition of Rocean Advancing Smart, Sustainable Solutions to Reduce Need for Single-Use Plastic Water Bottles LONDON–(BUSINESS WIRE)– Pentair plc (NYSE:PNR), a leading water treatment company, today announced that it has completed its acquisition of Be the Change Labs, Inc., d\/b\/a Rocean. Rocean is an innovative technology and thought leader in smart, sustainable, water solutions. Its smart filtration devices provide counter top filtration solutions to help reduce single use plastic bottles in homes and businesses keeping them out of landfills and oceans. \u201cThis acquisition further advances our strategy to expand our core water treatment products in the residential and commercial water business and allows us to continue serving customers in new ways, while also supporting our efforts to create … <\/p>\n

Continue reading “Pentair Completes Acquisition of Rocean”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405706","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPentair Completes Acquisition of Rocean - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pentair-completes-acquisition-of-rocean\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pentair Completes Acquisition of Rocean - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Pentair Completes Acquisition of Rocean Advancing Smart, Sustainable Solutions to Reduce Need for Single-Use Plastic Water Bottles LONDON–(BUSINESS WIRE)– Pentair plc (NYSE:PNR), a leading water treatment company, today announced that it has completed its acquisition of Be the Change Labs, Inc., d\/b\/a Rocean. Rocean is an innovative technology and thought leader in smart, sustainable, water solutions. 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