Watts Water Technologies to Acquire Danfoss Socla

Watts Water Technologies, Inc. announced a definitive agreement to acquire Danfoss Socla S.A.S and the related water controls business of certain other entities controlled by Danfoss A/S. The transaction is a share and asset purchase valued at approximately $165 million in cash, with an option to purchase the water controls business in China for an additional $4 million. The acquisition is expected to close by the end of April 2011.

“Watts Water Technologies, Inc. (NYSE: WTS) announced today the signing of a definitive agreement to acquire Danfoss Socla S.A.S (“Socla”), and the related water controls business of certain other entities controlled by Danfoss A/S, in a share and asset purchase transaction.”

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