Watts Water Technologies Completes Acquisition of Danfoss Socla
NORTH ANDOVER, Mass., Apr 29, 2011 (BUSINESS WIRE)
Watts Water Technologies, Inc. (NYSE: "WTS") announced today that it completed the acquisition of Danfoss Socla S.A.S. ("Socla") and the related water controls business of certain other entities controlled by Danfoss A/S ("Danfoss"), in a share and asset purchase transaction. As part of the acquisition, Watts elected to exercise its option to purchase the water controls business of Danfoss in China.
Watts Water Technologies, Inc. is a world leader in the manufacture of innovative products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Its expertise in a wide variety of water technologies enables it to be a comprehensive supplier to the water industry.