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Watts Water Technologies, Inc. Completes Acquisition of tekmar Control Systems

Dépèche transmise le 31 janvier 2012 par Business Wire

Watts Water Technologies, Inc. Completes Acquisition of tekmar Control Systems

NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE symbol “WTS”) announced today that it completed the acquisition of tekmar Control Systems in a share purchase transaction. tekmar is a designer and manufacturer of energy saving control solutions for a heating, ventilating, and air-conditioning applications, including a wide range of hydronic (water based) systems. tekmar had annual revenues in 2011 of approximately $11 million.

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.