Waterlogic Norway has announced the completion of its asset purchase agreement for the acquisition of rival water dispenser operator, Cool Chili AS, Norway.
Cool Chili, based in Oslo, has been selling mains-fed water coolers in the Norwegian market since 2002, and according to a 2009 report by Zenith International, is the fourth largest operator in the region.
As such, the acquisition of Cool Chili significantly increases Waterlogic’s market share in Norway and confirms Waterlogic as the overall market leader in the Norwegian water cooler market.
Matthew Lee, MD of Waterlogic Norge AS, said: “The Cool Chili business model of rental, service and coffee complements our current Oslo business and is part of Waterlogic’s overall Scandinavian expansion plan to grow organically and through acquisitions of this nature."
Waterlogic Norway is a subsidiary of Waterlogic International, global manufacturer of mains-fed water dispensing systems.
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