Waterlogic has acquired distributors Lux Aqua in Hungary and the Czech Republic
MAIDENHEAD, UK, PRAGUE, CZECH REPUBLIC & BUDAPEST, HUNGARY, 30 APRIL 2018 – Waterlogic, a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers, announced that it has successfully completed the acquisition of Lux Aqua Hungária Kft. and Lux Aqua Czech s.r.o. The terms of the acquisition have not been disclosed.
Lux Aqua is the distributor and service provider for Waterlogic water dispensers across Hungary and the Czech Republic. The companies were established by global household appliance brand Lux International in 2014 and 2016 respectively, to offer its business customers the highest level of service with the supply of Waterlogic’s unique technology.
Waterlogic has direct presence in 15 countries and an extensive independent global distribution network in place, reaching over 50 countries around the world. The deal accelerates Waterlogic’s strategy to enter new direct markets and expand its global footprint.
The combination of Waterlogic’s innovative products and Lux Aqua’s well-established presence in Hungary and the Czech Republic, means that more businesses around the world will enjoy great tasting drinking water of the highest purity.
Waterlogic Group CEO, Jeremy Ben-David said, “Lux Aqua has a fast-growing foothold in Hungary and the Czech Republic, both attractive high-growth territories. They are the natural partners to accelerate our global expansion strategy and significantly strengthen our position as the total water solutions provider. We are delighted to welcome Lux Aqua into the Waterlogic Group.”
Lux Aqua Hungary Managing Director, János Koós said, “Lux Aqua Hungary has been distributing and servicing Waterlogic dispensers exclusively for almost four years now. The product quality and choice is especially well-regarded in Hungary, where sparkling water consumption is high. It’s a great pleasure to be building on our success with such a well-established and market-leading brand to take us to the next level.”
Lux Aqua Czech Managing Director, Ladislav Voců said, “Lux Aqua Czech is delighted to become part of the Waterlogic family. Waterlogic is both driven and geared for growth, and this acquisition significantly strengthens our ability to grow organically and to continue to invest in the future of our business.”
Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor. The acquisition of Lux Aqua is the 17th manifestation of the company’s buy and build strategy since the acquisition by Castik, following substantial acquisitions in the US, UK, Australia, Spain, France, Germany, and Scandinavia.
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Waterlogic is an innovative designer, manufacturer, distributor and operator of Point-Of-Use (POU) drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Founded in 1992, Waterlogic was one of the first companies to introduce POU systems to customers worldwide, and has been in the forefront of the POU market, promoting product design and quality, the application of new technologies and world class sales and service. Waterlogic has its own subsidiaries in many markets and an extensive and expanding independent global distribution network in place, reaching over 50 countries around the world. Waterlogic products are currently distributed in North and South America, Europe, Asia, Australia and South Africa. Waterlogic’s leading markets are the US, Australia and Western Europe, in particular the UK, Scandinavia, Germany and France. More information can be found at www.waterlogic.com
Castik Capital S.à r.l (“Castik”) manages investments in private equity. Castik is a European multi strategy investment manager, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams. Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. The advisor to Castik is Castik Capital Partners GmbH, based in Munich. Investments are made by the Luxembourg-based fund, EPIC I SLP, the first fund managed by Castik, which had its final fund close of EUR 1bn in July 2015. About Lux Lux Aqua Hungária Kft. and Lux Aqua Czech s.r.o. were founded in 2014 and 2016 respectively by Lux International to provide optimal drinking water solutions for B2B clients, thanks to a combination of cutting-edge technology and quality service. Founded in Sweden in 1901 as a small company selling street lighting solutions, Lux International is now the leading Swiss healthy living company. Together with its partner company, Eureka Forbes India, the group is headquartered in Switzerland and India.