Fluidra, the global leader in pool, wellness, and connected solutions, today announced that it has entered into an agreement with Meranus Group to acquire 100 percent of its pool equipment distributor in Germany for EUR30 million in cash and no debt.
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Meranus Group, a well-known distributor of swimming pool equipment in Germany, is
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Fluidra’s acquisition of Fluidra in Germany will strengthen its market leadership and provide a more complete product range to a wider customer base.
Meranus Group was established more than 40 years ago. It is a well-respected swimming pool equipment distributor in Germany. The Meranus Group includes Meranus Haan GmbH and Meranus Lauchhammer GmbH as well as Aquacontrol GmbH which manufactures swimming pool control and dosing technology. The company’s anticipated revenues for the year ending 31/12/2022 are more than EUR25 million. Fluidra will be able to strengthen its position in Germany and offer a wider product range to a larger customer base.
“Our team looks forward to welcoming new Fluidra colleagues. After many conversations over the past months, we are grateful to the Sellers for their commitment to make it happen,” said Carlos Franquesa (Fluidra’s General Manager for EMEA). “Having Fluidra’s existing brands alongside the Meranus Group allows us to strengthen our multi-product strategy as well as our distribution infrastructure in Germany. This transaction will generate significant synergies that will benefit our customers and suppliers as well as our employees.
Anje Janke, and Angelika Kitzing are the General Managers of Meranus Group.
The transaction is subjected to competition clearance and other usual closing conditions. It is expected that the transaction will close in the first quarter 2023.
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