Waterlogic acquires Aguaviva, Spanish POU drinking water provider

Waterlogic is an innovative designer, manufacturer, distributor and operator of mains attached POU drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Founded in 1992, Waterlogic was one of the first companies to introduce POU systems to Europe and has been in the forefront of the POU market in terms of product design and quality, the application of new technologies and in sales and service. Waterlogic has an extensive and expanding independent global distribution network in place, reaching over 50 countries around the world. Waterlogic products are currently being distributed in North and South America, Europe, Asia, Australia and South Africa. Waterlogic’s leading markets are the US, Australia and Western Europe, in particular Scandinavia, Germany and France.

Founded in 2004, Aguaviva is the leading provider of POU (mains fed) water coolers to the Spanish market. Aguaviva offers a cost-effective, environmentally friendly alternative to traditional bottled water and uses the most advanced water purification technology available. Aguaviva is based in Madrid and prior to the acquisition were the exclusive distributor for Waterlogic in the Spanish Market. The acquisition adds over 7,000 POU water coolers in field.

Waterlogic was acquired in January 2015 by funds managed by Castik Capital S.à.r.l (“Castik”), the European private equity investor. The acquisition of Aguapura Aguaviva, S.L is the tenth manifestation of the company’s buy-and-build strategy since the acquisition by Castik, following substantial acquisitions in the UK, Australia, Norway, Denmark, USA and Sweden. Castik believes that this buy-and-build strategy in a fragmented market, coupled with tenacious organic growth in a growing industry with high recurring revenues, can create significant value.

 

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