Watts Water Technologies acquires ATS Expansion Group

Watts Water Technologies acquired French valve, fitting and manifold heating manufacturer ATS Expansion Group in a stock purchase for 60 million euros (approx. $75 million US); ATS posts annual revenue of 40 million euros.

“French valve, fitting and manifold heating manufacturer ATS Expansion Group in a stock purchase transaction. The aggregate price paid by Watts was 60 million euros (approx. $75 million US). ATS markets its products under the well-known brands of Gripp, Porquet and Sirius, and posts annual revenue of 40 million euros (approx $50 million US).”

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