Watts Water Technologies acquires Danfoss Socla SAS
Today, the industrial group Watts Water Technologies, Inc, which is listed on the New York Stock Exchange, issued the following press release:
“Watts Water Technologies, Inc. (NYSE: “WTS”) announced today that it completed the acquisition of Danfoss Socla S.A.S. (“Socla”) and the related water controls business of certain other entities controlled by Danfoss A/S (“Danfoss”), in a share and asset purchase transaction. As part of the acquisition, Watts elected to exercise its option to purchase the water controls business of Danfoss in China.
Watts paid a total purchase price of approximately $169 million for Socla and the related water controls business assets. The final purchase price is subject to a net debt and net working capital adjustment.
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Watts Water Technologies, Inc. is a world leader in the manufacture of innovative products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Its expertise in a wide variety of water technologies enables it to be a comprehensi. Today, the industrial group Watts Water Technologies, Inc, which is listed on the New York Stock Exchange, issued the following press release: “Watts Water Technologies, Inc. (NYSE: “WTS”) announced today that it completed the acquisition of Danfoss Socla S.A.S. (“Socla”) and the related water controls business of certain other entities controlled by Danfoss A/S (“Danfoss”), in a share and asset purchase transaction. As part of the acquisition, Watts elected to exercise its option to purchase the water controls business of Danfoss in China. |
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