We are excited to announce that

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 PC AB (“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 technology expertise into new segments. One opportunity is green hydrogen, which will play a crucial role in the green transition of industry.

David Ekberg has been appointed as CEO of the new company, joining immediately. He is an experienced leader with previous roles in Stora Enso, Climeon and Ericsson.

“This combination marks the start of a new chapter for both companies, and for me an excellent opportunity to come onboard as CEO. We have two leading companies with the potential to play an even more important role in addressing crucial needs for the green transition. We have received incredible support from our owner Altor in making this next phase come true. With their continued backing, we will leverage their long heritage of helping industrial companies scale”, says David Ekberg.

In the short term both entities will continue to operate under their existing names.

As the new company forms, more information will follow on this page.

For more information, please see the press release
Magneto Special Anodes