Pentair Completes Acquisition of Aquion
Pentair plc announced that it has completed the acquisition of Aquion for $160million in cash, subject to customary post-closing adjustments.
Headquartered outside Chicago, with approximately 170 employees, Aquionoffers a diverse line of water conditioners, water filters,drinking-water purifiers, ozone and ultraviolet disinfection systems,reverse osmosis systems and acid neutralizers for the residential andcommercial water treatment industry.
“The addition of Aquion and its affiliated dealer network, offeringcomplete systems and solutions, highly complements Pentair’s value chainin residential water offerings,” said John L. Stauch, Pentair Presidentand CEO. “Through this acquisition, we are looking forward to providingconsumers with more choices to meet their water needs.”
Source: Pentair plc.