CMS Prague has advised private equity-backed Waterlogic, a designer, manufacturer, distributor, and servicer of purified drinking water dispensers on the acquisition of Lux Aqua Czech s.r.o. and Lux Aqua Hungaria Kft., a Czech and a Hungarian company that provides drinking water solutions for B2B clients. The sellers reportedly were represented by Hogan Lovells.
Waterlogic has A direct presence in 15 countries and an extensive independent global distribution network that reaches over 50 countries around the world. The deal accelerates Waterlogic’s strategy to enter new direct markets and expand its global footprint.
In their press release, Waterlogic stated that “the combination of Waterlogic’s innovative products and Lux Aqua’s well-established presence in Hungary and the Czech Republic means that more businesses around the world will enjoy great tasting drinking water of the highest purity.”
Waterlogic Group CEO Jeremy Ben-David commented, “Lux Aqua has a fast-growing foothold in Hungary and the Czech Republic, both attractive high-growth territories. They are the natural partners to accelerate our global expansion strategy and significantly strengthen our position as the total water solutions provider. We are delighted to welcome Lux Aqua into the Waterlogic Group.”
Lux Aqua Hungary Managing Director Janos Koos added, “Lux Aqua Hungary has been distributing and servicing Waterlogic dispensers exclusively for almost four years now. The product quality and choice is especially well-regarded in Hungary, where sparkling water consumption is high. It’s a great pleasure to be building on our success with such a well-established and market-leading brand to take us to the next level.”
Lux Aqua Czech Managing Director Ladislav Vocu said, “Lux Aqua Czech is delighted to become part of the Waterlogic family. Waterlogic is both driven and geared for growth, and this acquisition significantly strengthens our ability to grow organically and to continue to invest in the future of our business.”
CMS’s team included Managing Partner Helen Rodwell, Senior Associate Frances Gerrard, Associates James Oczko and Dora Czegledi, and Trainee Solicitor Jamie Gordon.
Hogan Lovells did not reply to our inquiry on the matter.