Veber Partners Assists Eutek Systems in Sale to Hydro International

Portland, Oregon - May 2008 – Eutek Systems (www.eutek.com) of Portland, Oregon, a leading international proprietary provider of grit removal systems from wastewater streams has been acquired by Hydro International (www.hydrointernational.biz) a worldwide provider of environmentally sustainable products and innovative solutions that control and treat storm water, wastewater, and combined sewer overflows.  Veber Partners, LLC (www.veber.com), acted as exclusive financial advisor for Eutek during the transaction.

The Company’s CEO and owner, George Wilson, PhD, PE, DEE, founded EUTEK® Systems™, Inc. in the early 1970’s. Eutek Systems, Inc. continues to provide exclusive, patented, high performance equipment that removes fine grit, sugar sands, abrasives, and fixed solids. Eutek has been on the cutting edge of grit removal science for over 30 years. Eutek's research and development has led to numerous breakthroughs in understanding the behavior of municipal grit, and in developing effective methods to remove it.

George Wilson commented, “Veber Partners made up of Gayle, Rodger, and Nick, make up a team of seasoned professionals that were a delight to work with throughout the time we worked together.  Each partner brings his own special contribution to a business owner who doesn’t have the “foggiest” of what to do, how to do it, and when to do it.  I never doubted for a moment that Veber was representing my best interests and getting the best possible deal for me and my family.  And while the “11th hour” adjustment of shares between me and others would have caused lesser men chaos, Veber took it in stride.”

Eutek's leading brands include the HEADCELL ™, a modular, multiple-tray settle-able solids concentrator that removes fine grit with minimal head loss; the TEACUP ™, an all-hydraulic unit that uses a combination of a free vortex and the boundary layer effect to capture, classify, and remove fine grit, sugar sand, and high-density fixed solids; the SLURRYCUP ™, a unit that uses a combination of an open free vortex and the boundary layer effect to capture, classify and remove fine grit, sugar sand, snail shells, and high-density fixed solids from grit slurries, and both primary and secondary sludge; and the GRIT SNAIL ™, a solids clarifier that discharges clean, low-odor solids, with a low percentage of volatile solids.

Hydro International is a U.K. public company (LSE: HYD.L) that provides a wide range of technologies that address today’s most pressing environmental issues of controlling, storing and treating urban runoff from storm water, combined sewer overflows and municipal wastewater.

Veber Partners was founded in 1989 and is one of the premier private investment and merchant banking firms in the Pacific Northwest which focuses on mergers and acquisitions, private placements, and other financial advisory services. Veber acts as a principal as well as an advisor in transactions throughout the Pacific Northwest.  More information can be found at www.veber.com.