IN FOCUS

Watts Water Technologies, Inc. announced that it has entered into a definitive agreement to acquire Bradley Corporation (“Bradley”) for $303 million, subject to customary adjustments. The net transaction value is approximately $268 million after adjusting for the estimated net present value of expected tax benefits of approximately $35 million. The transaction will be funded through cash on hand and the remainder from Watts’ existing revolving credit facility. The transaction is subject to customary closing conditions and necessary regulatory approvals and is expected to close in the fourth quarter of 2023.

Atlas Copco has agreed to acquire Sykes Group Pty Ltd (Sykes) from Seven Group Holdings Ltd (SGH), a company listed on the Australian Securities Exchange (ASX).

AMETEK Dynamic Fluid Solutions (AMETEK DFS) and the former Bison Gear and Engineering Corp. combine to create a more robust, customer-centric business named Bison.

Atlas Copco has completed the acquisition of the cryopump service and distribution business of ZEUS Co., Ltd. The business provides service and sales distribution for the Vacuum Technique business area’s CTI and Polycold products in South Korea.

EBARA Pumps Europe S.p.A. (EPE), a group company of EBARA CORPORATION (EBARA), has reached an agreement with SKF Lubrication Systems Germany GmbH (SKF), a subsidiary of SKF Group, regarding the transfer of SKF’s coolant pump (Spandau Pumpen) business. The agreement was signed on July 11th, 2023.

Smart sewer solutions from UK-based telemetry and analytics business will empower the industry to meet the challenges of climate change. Grundfos has completed the acquisition of XPV Water Partners portfolio company Metasphere, a leading provider of telemetry and analytics solutions for water networks.

AxFlow Norway is pleased to announce the successful acquisition of VA-Prosjekt Midt-Norge, a renowned provider of turnkey solutions to municipalities in the field of water and wastewater infrastructure. The acquisition marks a significant milestone in AxFlow’s strategic expansion plan, reinforcing its commitment to delivering comprehensive and sustainable solutions to customers in Norway.

Atlas Copco has completed the acquisition of National Pump & Energy. The business provides dewatering, environmental services and water treatment solutions in Australia and New Zealand. The company has 420 employees and in 2022 had revenues of approximately 205 MAUD. The company provides specialty environmental services and water treatment solutions for large and complex dewatering and sewage bypass projects.

Xylem has completed its acquisition of Evoqua Water Technologies Corp. The combination creates the most advanced platform of capabilities to address customers’ and communities’ critical water challenges. Headquartered in Washington, D.C., the combined company becomes the largest pure-play water technology company, with $7.3 billion in pro forma revenue and more than 22,000 employees globally.

Atlas Copco has acquired Maziak Compressor Services Ltd., a UK distributor of air compressors, nitrogen generators and process cooling equipment as well as related services and support.