Watts Water Technologies acquired tekmar Control Systems for CAD $18.0 million initial purchase price (approximately $17.8 million at the January 31, 2012 exchange rate); total purchase price not to exceed CAD $26.2 million, a transaction completed in January 2012, structured as all cash (share purchase).
tekmar Control Systems operates in Americas. Manufacturer of HVAC and heating control systems; acquired in a share purchase transaction.
Advisory firms were not disclosed for this transaction.