German market leader joins international group
Frankfurt, July 23, 2018. Halder Beteiligungsberatung, Frankfurt, and Culligan International, Rosemont/Illinois, the international leader in water treatment solutions, have announced an agreement to sell Aqua Vital. Financial details of the transaction were not disclosed.
Established in 1999, Aqua Vital provides small to medium sized commercial clients with end-to-end solutions for water dispensers, including installation, technical service and supply of consumables. An innovative product offering fulfilling highest hygienic standards and successful telemarketing have made Aqua Vital the market and quality leader in Germany.
Backed by Halder, Aqua Vital has completed several add-on acquisitions to expand its business: buying revos watercooler in 2014 increased its market presence in Germany. In 2017, the acquisition of Kalimba gave access to markets in The Netherlands and Belgium and in 2018, the company acquired patents from Oxymount Technology to strengthen its leadership in quality and innovation.
Aqua Vital serves an installed base of 60,000 dispensers, rented to customers over mostly multi-year periods. Since Halder’s original investment, sales revenues have more than doubled to € 37 million in 2017 and are expected to exceed € 40 million in 2018.