St. Paul, Minn.-headquartered Ecolab is paying cash for the unit, which has over 900 staff and projected sales of US$500 million this year. The firms expect the deal to close in the first quarter of 2026, subject to regulatory approval. (The Logic)

Talking point: Ovivo’s electronics division sold technology used to purify water for semiconductor fabrication plants, which are very thirsty facilities. Chipmakers are constantly building new factories to produce more advanced products, and construction has picked up as the governments of advanced economies try to bring critical supply chains back within their borders. Founded in 1975 as Groupe Laperrière & Verreault, Ovivo’s remaining business is making water treatment equipment for municipalities and property owners as well as oil and gas sites and other heavy industries.