09:37 AM EST, 11/13/2024 (MT Newswires) -- Veralto ( VLTO ) said Wednesday it has acquired a minority stake in Axine Water Technologies, a provider of industrial wastewater treatment technology, for about $15 million.

Veralto ( VLTO ) said the minority stake includes a commercial agreement in North America with its Trojan Technologies business aimed at increasing Axine's customer reach, expanding its presence in municipal and industrial markets and scaling its technology.