MELBOURNE – Fluidra has acquired Fabtronics for AUD 15 million (US$10 million) to strengthen R&D and integrate electronics design and manufacturing, according to reports.
The purchase price was 80% of shares. The transaction includes earn-outs over the next three years.
Fabtronics’ site here has more than 3,000 sq. m. The firm has annual revenue of AUD 18 million and EBITDA of AUD 6 million.
“This acquisition strengthens Fluidra’s position worldwide, helping us expand our R&D capabilities and enabling us to accelerate innovation to meet local market needs,” said Bruce Brooks, CEO of Fluidra.
Ed.: AUD 1 = US$0.67