Watts Water Technologies to acquire tekmar Control Systems

Watts Water Technologies signed a definitive agreement to acquire HVAC hydronic controls maker tekmar Control Systems in a share purchase transaction, subject to customary closing conditions. tekmar had 2011 revenues of about $11 million.

“NORTH ANDOVER, Mass. — 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.”

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