Pentair Announces Definitive Agreement to Acquire Pelican Water Systems
Pentair plc. Ordinary Share (PNR)
Last pentair plc. ordinary share earnings: 4/30 06:55 am
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pentair.com/en/investors/investor-presentations
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Source: Business Wire
Acquisition to Expand Pentair’s Residential Water Treatment Business LONDON--(BUSINESS WIRE)-- Pentair plc (NYSE:PNR), a leading water treatment company, today announced that it has entered into a definitive agreement to acquire Pelican Water Systems for $120 million in cash, subject to customary adjustments. Pelican Water Systems provides residential whole home water treatment systems. The addition of Pelican Water Systems will strengthen Pentair’s business by providing new growth opportunities through both its innovative products and its multi-channel approach which increases consumers’ options as to where, how and when they can buy their water treatment solutions. “This planned acquisition is one of the key elements of our strategy to expand our core water treatment products in the residential home water business,” said John L. Stauch, Pentair President and Chief Executive Officer
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