Veralto commits €20m to Emerald’s water innovation fund

WALTHAM, Mass. - Veralto Corporation (NYSE:VLTO), a $25.31 billion market cap company currently trading at $102.11, announced on Tuesday a €20 million investment commitment to Emerald Technology Ventures’ Global Water Fund II, which is expected to launch in October with a target size of €150-180 million. According to InvestingPro data, the company maintains impressive gross profit margins of nearly 60% and strong financial health metrics.

The water and product quality solutions provider will become a cornerstone investor in the fund, which aims to accelerate innovation across the water value chain, including technologies for treatment, monitoring, and addressing emerging contaminants. With a healthy current ratio of 2.19 and annual revenue exceeding $5.2 billion, Veralto demonstrates solid operational capabilities. For deeper insights into Veralto’s financial health and growth potential, InvestingPro subscribers can access comprehensive analysis and 10+ additional ProTips.

Emerald Technology Ventures, headquartered in Zurich with offices in Toronto and Singapore, is among the first venture capital firms focused on sustainable industrial innovation and manages over €1.2 billion in assets.

"Emerald’s global presence and deep sector expertise provide Veralto with early insight into emerging water-focused ventures, making it a strong strategic partner to augment our innovation and technology development efforts," said Jennifer L. Honeycutt, President and Chief Executive Officer at Veralto.

The investment gives Veralto visibility and access to early- and growth-stage water technology businesses addressing complex challenges facing its customers. In turn, Emerald’s portfolio companies gain potential access to Veralto’s customer relationships, global market reach, and experience in scaling innovative businesses.

Dr. Helge Daebel, Partner and Head of Emerald’s Water Practice, called Veralto "a natural partner" for the new fund, noting its alignment with Emerald’s 25-year history of investing in sustainable industrial transformation.

Veralto, with annual sales exceeding $5 billion and approximately 17,000 employees globally, provides technology solutions focused on clean water, safe food, and trusted essential goods. While analysts have set price targets ranging from $95 to $124, InvestingPro’s Fair Value analysis suggests the stock is currently trading above its intrinsic value. Detailed valuation metrics and growth projections are available in InvestingPro’s comprehensive research report, part of its coverage of 1,400+ US equities.

The information in this article is based on a press release statement from Veralto Corporation.

In other recent news, Veralto Corporation reported strong financial results for Q1 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.95, significantly higher than the forecasted $0.80. Additionally, Veralto’s revenue reached $1.33 billion, exceeding the anticipated $1.29 billion. These results demonstrate Veralto’s robust performance in the first quarter. Despite the positive earnings and revenue figures, the stock experienced a decline, although the reasons behind this are not detailed in the report. This development adds a layer of complexity to investor sentiment. The recent earnings report highlights Veralto’s ability to outperform market projections.

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