Announced
Financials
Sources
Tags
Cross Border
India
Private
building materials
Majority
Friendly
Building Materials: Other
Acquisition
Pending
Single Bidder
Synopsis
Wavin, a building and infrastructure industry and an orbia business, agreed to acquire Vectus Industries, a privately-held manufacturer of plumbing and drainage pipes and the market leader in water storage tanks in India. Financial terms were not disclosed. "Today’s announcement is a major step on our global expansion journey. We are delighted to partner with Vectus, given the company’s solid manufacturing footprint and hands-on expertise. With our recent acquisitions of manufacturing facilities in Hyderabad and Neemrana, we are intent on continuing to build the healthy, sustainable environments that support India’s growing population," Maarten Roef, Wavin President.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.