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Deal snapshot: STONEAGE ACQUIRES WATERBLASTING PRODUCTS RESELLER AQUAPOWER.

MANews-(C)2009-2017

US-based waterblast tooling and equipment manufacturer StoneAge, Inc. has acquired UK-based waterblasting tooling and accessories reseller AquaPower Ltd., the company said. AquaPower is headquartered in the industrial midlands of the United Kingdom.

The new StoneAge Europe facility will be run by managing director, Steve Ellis, who brings nearly 30 years' experience in the waterblast industry, having played a part in the growth of several companies including Flowplant (formerly Harben), WOMA, and Asia Waterjet Equipment in Dubai.

Country: UK

Sector: Machinery/Engineering

Target: AquaPower Ltd

Buyer: StoneAge, Inc

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Mar 8, 2017
Words:111
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