Waterlogic acquires Aqua Service

Waterlogic Plc has announced that it has conditionally agreed to acquire the share capital of Aqua Service AS, a leading vendor of water dispensers and coffee machines based in Sweden and Norway for a cash consideration of NOK 37 million (approximately USD 6.35 million), subject to working capital adjustments. The vendors of Aqua Service are Botts and Company Ltd., 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 2012.