Franklin Electric Acquires New Aqua LLC

Franklin Electric Co. Inc. acquired New Aqua LLC and its wholly owned subsidiaries in an all-cash transaction valued at $150 million. The deal is expected to be accretive to earnings per share in 2021. New Aqua operates in the water treatment space under the Aqua Systems and Hellenbrand brands.

“Franklin Electric Co. Inc. acquired New Aqua LLC and its wholly owned subsidiaries, headquartered in Indianapolis, in an all-cash transaction valued at $150 million, subject to customary adjustments.”

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