Watts Water Technologies acquires Austroflex Rohr-Isoliersysteme GmbH

Watts Water Technologies acquired Austroflex Rohr-Isoliersysteme GmbH for Approximately $33.7 million, a transaction completed in June 2010, structured as Purchase of 100% of the outstanding stock; funded with cash.

Austroflex Rohr-Isoliersysteme GmbH operates in Europe, is based in Austria. Watts Water acquired 100% of the outstanding stock of Austroflex Rohr-Isoliersysteme GmbH, an Austrian-based manufacturer of pre-insulated flexible pipe systems for district heating, solar applications and under-floor radiant heating systems.

The acquisition gave Watts a full range of pre-insulated PEX tubing, pre-insulated solar tubes, under-floor heating insulation and distribution capability, positioning it as a major supplier of pre-insulated pipe systems in Europe.

Austroflex is an Austrian-based manufacturer of pre-insulated flexible pipe systems for district heating, solar applications and under-floor radiant heating systems.Watts Water Technologies, Inc., Form 10-K for the fiscal year ended December 31, 2011

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.