Fluidra reaches a deal to acquire FabtronicsFebruary 14, 2020
The global leader in the pool and wellness equipment business reaches a deal to acquire the Australian based electronics designer and manufacturer Fabtronics
This deal strengthens Fluidra’s position worldwide by expanding its research and development capabilities
Fluidra, the global leader in the pool and wellness equipment business, has acquired Australian manufacturer Fabtronics to strengthen its R&D capabilities and to incorporate complete, efficient and cost-effective electronics design and manufacturing solutions.
The purchase price for 80% of the shares was AUD 15M, with an implicit price for 100% of AUD 18.75M. The agreed takeover also includes a set of earn-outs to take place during the following three calendar years.
Fabtronics is based in Melbourne, close to Fluidra’s main manufacturing facility, and includes a team of c.45 people as well as a state-of-the-art PCB design and manufacturing plant of over 3,000 sqm. The company features an annual turnover and EBITDA of AUD 18M and AUD 6M respectively.
In the past 15 years, Fabtronics provided research and development support to Fluidra’s Australian business and played a key role in many significant products, establishing itself as one of the leading electronic designers in the country. Many of Fluidra’s products designed and manufactured in Australia, like the Viron and EQ chlorinators, which Fabtronics assisted in designing and developing, have gone on to be sold throughout the world via Fluidra’s global network.
“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 at Fluidra.
Fluidra is committed to expanding its portfolio of technologies with acquisitions tailored to growing the business, like Fabtronics, which has been an essential R&D contributor in the region.