Pentair To Buy Aquion For Diverse Water Treatment Solutions
Zacks Investment Research | Jan 08, 2019 09:55PM ET
Pentair plc (NYSE:PNR) has entered into a definitive agreement to acquire Aquion for worth $160 million in cash, subject to customary adjustments. The buyout will help Pentairexpand its scope and customer offerings in the residential and commercial water treatment arena.
Headquartered in Elk Grove Village, IL, Aquion offers a diverse line of water conditioners, water filters, drinking-water purifiers, ozone and ultraviolet disinfection systems, reverse osmosis systems and acid neutralizers.
The Aquion acquisition is in sync with Pentair’s key growth initiatives of accelerating residential and commercial water treatment. The to-be-acquired company’s strong portfolio of residential and commercial water systems combined with Pentair’s technical expertise in water treatment technologies will assist consumers by increasing their access as well as providing more choices to meet water treatment needs.
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