Watts Water Technologies acquired Enware Australia Pty Ltd, a transaction completed in March 2023, structured as all cash. The deal was a Asset purchase.
Enware Australia Pty Ltd operates in APMEA, is based in near Sydney, Australia. Sydney, Australia-based supplier of specialty plumbing and safety equipment used in the Australian institutional and commercial end markets; Watts acquired the primary business assets.
The acquisition aligns with Watts' strategy to expand geographically into countries with mature and enforced plumbing codes and is expected to enhance its product offering and channel access into the Australian marketplace.
Enware is based near Sydney, Australia, and has been a leading supplier for specialty plumbing and safety equipment used in the Australian institutional and commercial end markets.Watts Water FY2023 10-K, Acquisitions note
Advisory firms were not disclosed for this transaction.