Permascand and Magneto Special Anodes merge to create a global leader in the advanced electrochemical sector - David Ekberg joins as CEO of the new company
Swedish-based Permascand, owned by Altor, has merged with Magneto Special Anodes to form a global leader in catalytic coatings and electrodes for premium segment customers. Magneto Special Anodes, formerly a brand of global water solutions company Xylem Inc. (NYSE:XYL), has production facilities in the Netherlands and in China.Permascand and Magneto Special Anodes have technological leadership in electrochemical catalytic coatings and electrodes. Today they serve complementary customer segments. The ambition is to continue to grow within existing segments, but also to deploy the strong