Watts Water Technologies Announces Agreement to Acquire Danfoss Socla

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Watts Water Technologies, Inc.
WTS
announced today the signing of a definitive agreement to acquire Danfoss Socla S.A.S, and the related water controls business of certain other entities controlled by Danfoss A/S, in a share and asset purchase transaction. The purchase agreement also provides Watts with an option to purchase the water controls business of Danfoss in China, which may be exercised prior to the closing date. The acquisition of Socla is expected to close by the end of April 2011. The consummation of the acquisition is subject to customary closing conditions.
Posted In: NewsM&AIndustrial MachineryIndustrials
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