Watts Water Technologies to acquire tekmar Control Systems

Watts Water Technologies signed a definitive agreement to acquire tekmar Control Systems, a Canadian designer/manufacturer of HVAC control solutions (~$11M 2011 revenue), via a share purchase. A strategic corporate acquisition, not a PE roll-up.

“Watts Water Technologies Inc. has announced the signing of a definitive agreement to acquire tekmar Control Systems in a share purchase transaction. The acquisition is subject to customary closing conditions.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.