About This Deal

Watts Water Technologies acquired Apex Valves Limited, a transaction completed in November 2015, structured as all cash.

Apex Valves Limited operates in APMEA, is based in New Zealand. New Zealand company supplying valves and water-control products; Watts acquired 80% of the outstanding shares with a commitment to purchase the remaining 20% within three years of closing.

The acquisition increases Watts' presence in Asia-Pacific outside of China, with Apex's high-end valves for the New Zealand market seen as introducible into China and other South East Asian countries and offering potential sourcing cost synergies.

Deal Terms

Acquirer
Watts Water Technologies
Target
Apex Valves Limited
Value
Not disclosed
Date
November 2015
Type
Majority acquisition (80%, with commitment to acquire remaining 20% within three years)
Status
Ready

Transaction Details

Target HQ
New Zealand
Segment
APMEA
Structure
All cash
Closed
November 30, 2015

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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