Guldager A/S has initiated a strategic collaboration with the North Jutland company Hydro-X, which for many years has supplied chemical products for water treatment in the industrial sector and for the CHP sector. The purpose of the collaboration is to utilize the common synergies between the 2 companies, where the focus will be on joint business opportunities at European level through the utilization of know-how, products and services.
Hydro-X has a large partner network with extensive experience in water and cooling treatment and with several ISO certifications, which ensures consistent products and high quality service. Guldager has a long history in water treatment and a broad-based service business. Guldager works for sustainable water treatment and has joined the UN Global Compact and the UN Sustainable Development Goals.
The strategic collaboration with Hydro-X is another milestone in the history of Guldager, which this year celebrates its 75th anniversary since it was founded in 1946 by the Guldager brothers Harald and Poul Guldager. The company was until 2016 a family-run business where a generational change was made in 2016 when the Danish private equity fund Capidea took over the majority in Guldager. Capidea is a Danish private equity fund that makes investments in competitive small and medium-sized Danish companies with growth potential. In addition to the majority shareholder Capidea, Guldager is today owned by Hydro-X International and the management of the company.
Claus Torbøl, CEO at Guldager, is excited about the collaboration and looks forward to even better service options: "We are very pleased with the partnership with Hydro-X, which will strengthen our AdditiveCare business, but at the same time also create a unique position as a Full-Service-Provider. In practice, this means that our customers only need one supplier within water treatment. We are a leading Danish company within water treatment, which over 75 years has built up a European organization with skilled and motivated employees. The water treatment area is growing rapidly, and Guldager has strong competencies and a good market position in Denmark, Germany, Switzerland and Belgium. The goal in the coming years will be to use the many years of experience of the employees in Guldager and Hydro-X to expand the companies within water treatment through continued development, acquisition of companies and technologies."
Ernst Kristensen, Group Executive at Hydro-X sees many opportunities in this partnership: "This cooperation will strengthen both Hydro-X and Guldager's position in water treatment, especially through the Full Service Provider service concept, so that our customers only need one supplier for water treatment. At the same time, we will offer our partners World Wide access to Guldager's know-how, product range and services to strengthen their competitive position in local markets."
Read more about Hydro-X here: https://hydro-x.com/