Watts Water Technologies Acquires I-CON Systems
January 6, 2025
Watts Water Technologies, Inc. (NYSE: WTS) has acquired I-CON Systems Inc., a Florida-based designer and manufacturer of intelligent plumbing control solutions serving the corrections market. The acquisition, funded with cash on hand, adds I-CON's water management systems to Watts' portfolio to expand its digital offerings and drive growth in institutional/corrections end markets; I-CON's annualized sales are approximately $25 million.
- Buyers
- Watts Water Technologies, Inc.
- Targets
- I-CON Systems Inc.
- Industry
- Building Products
- Location
- Florida, United States
- Transaction Type
- Buyout
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