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Datamonitor’s Financial Deals Tracker

Deal In Brief

Aqua-Chem, Inc., a designer and manufacturer of water purification systems, has acquired Specific Equipment Company (SPECIFIC), a provider of fluid-handling systems for the petroleum and resort hotel sectors.

Both the companies are based in the US.

Deal Type     Acquisition
Sub-Category  Majority Acquisition
Deal Status   Completed: 2010-07-26

Deal Participants
Target (Company)    Specific Equipment Company
Acquirer (Company)  Aqua-Chem, Inc.

Deal Rationale
The acquisition will strengthen Aqua-Chem’s reach to markets outside of the US, particularly in South America and Mexico and capabilities across its core customer industries. It will also expand SPECIFIC’s production, sales and service capacity in delivering a broad range of products to its customers.