Waterco, a global water treatment and pool equipment manufacturer, has acquired Davey Water Products (Davey), a subsidiary of GUD Holdings Limited (GUD). The transaction, valued at $64.9 million, is set to conclude on September 1, 2023.
Acquisition Overview
“The acquisition aligns with Waterco’s long-term strategic vision of becoming a global leader in the water technology industry,” says Waterco Founder, Executive Chairman and Chief Executive Officer, Soon Sinn Goh. “It positions the company for sustainable growth and enables it to take advantage of emerging opportunities in the market.”
Strategic Vision and Objectives
“One outcome of the acquisition will be an increased share of global water markets across pool and spa, water transfer, and water treatment categories,” Goh explains.
Growth opportunities include leveraging geographical strengths across developing markets in Europe, the USA, Africa, and the Middle East. Additionally, the mutual benefit extends to cross-access customer bases, as the products of both entities seamlessly complement one another.