Watts Water Technologies acquired Australian Valve Group Pty Ltd (AVG), a transaction completed in July 2020, structured as all cash (100% of shares).
Australian Valve Group Pty Ltd (AVG) operates in APMEA, is based in Australia. Australian supplier of valves and water control products; Watts acquired 100% of the shares in an all-cash transaction during the third quarter of 2020.
The acquisition aligns with Watts' strategy to expand geographically into countries with mature and enforced plumbing codes and enhances its product offering and channel access into the Australian marketplace.
Advisory firms were not disclosed for this transaction.