Waterco Announces Acquisition of Davey Water Products
Global water treatment and pool equipment manufacturer Waterco Limited has cemented its position as the largest Australian-owned and -operated entity in the water industry by acquiring Davey Water Products, a subsidiary of GUD Holdings Limited. The transaction is expected to be completed on Aug. 31 with a sale price of $64.9 million.
“The acquisition aligns with Waterco’s long-term strategic vision of becoming a global leader in the water technology industry,” says Waterco founder, executive chairman and chief executive officer, Soon Sinn Goh. “It positions the company for sustainable growth and enables it to take advantage of emerging opportunities in the market.”
Waterco, established in 1981 with a single pool pump store in Sydney, Australia, has since become a global brand recognized for designing and manufacturing filtration and sanitization innovations for the swimming pool, spa, aquaculture and water purification sectors.
