Exit Options for John Hancock Bond and Corporate Finance Group: Hanover Communications In... - 28 Strategic Investors

View x

Fluidra Reaches a Deal to Acquire Fabtronics

Fluidra, the global leader in the pool and wellness equipment business, has acquired Australian manufacturer Fabtronics to strengthen its R&D capabilities and to incorporate complete, efficient and cost-effective electronics design and manufacturing solutions. The purchase price for 80% of the shares was AUD 15M, with an implicit price for 100% of AUD 18.75M. The agreed takeover also includes a set of earn-outs to take place during the following three calendar years. Fabtronics is based in Melbourne, close to Fluidra’s main manufacturing facility, and includes a team of c.45 people as well as a state-of-the-art PCB design and manufacturing plant of over 3,000 sqm. The company features an annual turnover and EBITDA of AUD 18M and AUD 6M respectively.

Tags: