The vendors of Aqua Service are Botts and Company, which has a majority shareholding, and several other smaller shareholders. Completion is conditional on approval of the Norwegian Competition Authority and is expected to take place during March.
Aqua Service has 10,885 machines installed in the field in Norway and Sweden, with POU water dispensers, its fastest growing segment, currently representing 16% of its installed base. The Board of Waterlogic believes that the growth in conversion from bottled water dispensers to POU water dispensers represents an excellent opportunity for the company as customers look for more convenient, cost effective and environmental solutions. Waterlogic expects to accelerate this process of converting customers to POU.
Source: Waterlogic
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