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Waterlogic acquires DSK
Waterlogic plc has agreed to acquire the entire issued share capital of Det Stavangerske Kaffeselskap (DSK) for a total cash consideration of US$1.46m, subject to approval of the Norwegian Competition Authority.
Jeremy Ben-David, Waterlogic, group CEO, said: “We are very excited to announce the acquisition of DSK, our first since our IPO, which represents excellent value. DSK is a profitable and highly complementary business, allowing the introduction of Waterlogic’s point-of-use water purification technology and associated products into the DSK customer base.
“The DSK coffee machine business will also be expanded into the existing Waterlogic customer base and branch offices throughout Norway and Denmark. We are making good progress with our attractive pipeline of future acquisition opportunities and we look forward to updating shareholders in due course.”
Source: Waterlogic
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