Watts Water Acquires Danfoss Socla for $175m

US-based Watts Water Technologies has completed the acquisition of Denmark-based Danfoss Group’s Danfoss Socla and its related water controls business entities in a share and asset purchase transaction.

Watts Water also exercised its option to purchase the water controls business of Danfoss in China.

According to the definitive agreement signed with Danfoss, Watts Water paid $175m for Danfoss Socla and its related water controls business assets.

Watts Water manufactures innovative products to control the efficiency, safety and quality of water within residential, commercial and institutional applications.