Fluidra

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Fluidra announces agreement to acquire Australia’s leading filtration systems manufacturer Chadson Engineering

Link Securities | Spanish company Fluidra (FDR), which specialises in connected pool and wellness equipment and solutions, announced on Monday an agreement to acquire Chadson Engineering, a leading designer and manufacturer of granular and regenerative filtration systems. This acquisition complements Fluidra’ s commercial pool product offering and enhances its ability to offer a wide range of solutions to customers in the Asia-Pacific region. With over 50 years’ experience and based…


Fluidra

Fluidra buys all of Meranus Group for some €30 M

Link Securities | On December 23, 2022 Fluidra Commercial, S.A.U., an indirectly fully controlled subsidiary of Fluidra, reached an agreement to fully acquire the German companies Meranus Haan, Meranus Lauchhammer and Aquacontrol. These firms together form the Meranus Group, a recognized swimming pool equipment distributor in Germany. It is also a manufacturer of swimming pool dosing and control technology. Meranus’ expected revenues for the year ending 31 December 2022 are…


Fluidra

Fluidra will fully control Hungarian firm Kerex after buying 73,2% for €4,5 M

Intermoney | Fluidra has informed the Stock Market Regulator (CNMV) that it will fully control Hungarian firm Kerex after buying 73,2% for 4,5 million euros. The transaction is expected to be closed in September 2022. This is after the usual suspensory conditions in this kind of deal have been met, and provided there is no material adverse change which negatively and significantly affects Kerex between the Signing and the Close…


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Fluidra Converts €130 M Syndicated Credit Line Into ‘Green’ Financing

Fluidra has signed an agreement to convert a 130 million euros syndicated credit line subscribed in 2018 into ‘green’ financing. BBVA acted as a sustainable coordinator for the process. So from now on, the conditions of this financing are subject to the company’s performance in environmental, social and governance (ESG) matters. This is the first sustainable financing formalised by a company in the sector and will be used to cover the firm’s working capital needs.


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Fluidra Acquires 80% Of Australia’s Fabtronics

The agreement with Fluidra values ​​100% of Fabtronics at 18.75 M AUD excluding future earn-outs payments. The price for the purchase of 80% of Fabtronic will be paid out as follows: as of today’s date, an initial payment of 15 M AUD has been made; at the same time, additional earn-outs payments linked to Fabtronics results have been agreed for the next three years. The contract also includes cross sell and purchase options which would allow Fluidra to raise its stake in Fabtronics’ share capital to 100%.


Fluidra

Fluidra Merges With US Rival Zodiac

Last Friday afternoon, Fluidra revealed its merger project with its US-based rival Zodiac, world leader in Premium products for swimming pools. The new company, which will keep the name Fluidra and will continue to trade on the Spanish market, will have a presence in 46 countries and a workforce of 5,500.