Alphavalue/DIVACONS | The Spanish pool and spa company has agreed to acquire pool cover manufacturer BAC pool Systems. The financial terms of the deal have not been disclosed. BAC, which focuses on the German and Swiss markets, has a team of around 60 employees and by 2024 estimates sales and adjusted EBITDA of around €13 million and €2.5 million, respectively.
Link Securities | Spanish company Fluidra (FDR), which specialises in connected pool and wellness equipment and solutions, announced on Monday an agreement to acquire Chadson Engineering, a leading designer and manufacturer of granular and regenerative filtration systems. This acquisition complements Fluidra’ s commercial pool product offering and enhances its ability to offer a wide range of solutions to customers in the Asia-Pacific region. With over 50 years’ experience and based…
Link Securities | On December 23, 2022 Fluidra Commercial, S.A.U., an indirectly fully controlled subsidiary of Fluidra, reached an agreement to fully acquire the German companies Meranus Haan, Meranus Lauchhammer and Aquacontrol. These firms together form the Meranus Group, a recognized swimming pool equipment distributor in Germany. It is also a manufacturer of swimming pool dosing and control technology. Meranus’ expected revenues for the year ending 31 December 2022 are…
Intermoney | Fluidra has informed the Stock Market Regulator (CNMV) that it will fully control Hungarian firm Kerex after buying 73,2% for 4,5 million euros. The transaction is expected to be closed in September 2022. This is after the usual suspensory conditions in this kind of deal have been met, and provided there is no material adverse change which negatively and significantly affects Kerex between the Signing and the Close…
Fluidra has signed an agreement to convert a 130 million euros syndicated credit line subscribed in 2018 into ‘green’ financing. BBVA acted as a sustainable coordinator for the process. So from now on, the conditions of this financing are subject to the company’s performance in environmental, social and governance (ESG) matters. This is the first sustainable financing formalised by a company in the sector and will be used to cover the firm’s working capital needs.
The agreement with Fluidra values 100% of Fabtronics at 18.75 M AUD excluding future earn-outs payments. The price for the purchase of 80% of Fabtronic will be paid out as follows: as of today’s date, an initial payment of 15 M AUD has been made; at the same time, additional earn-outs payments linked to Fabtronics results have been agreed for the next three years. The contract also includes cross sell and purchase options which would allow Fluidra to raise its stake in Fabtronics’ share capital to 100%.
Last Friday afternoon, Fluidra revealed its merger project with its US-based rival Zodiac, world leader in Premium products for swimming pools. The new company, which will keep the name Fluidra and will continue to trade on the Spanish market, will have a presence in 46 countries and a workforce of 5,500.