Waterlogic establishes footprint in Belgium through acquisition of Pure Services
LEUVEN, Belgium - Aug. 14, 2019 - PRLog -- Waterlogic, a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers, is pleased to announce the acquisition of Pure Services.
Established in 2007, Pure Services specialises in renting and servicing drinking water dispensers and fountains to small and large corporate organisations across Belgium and Luxembourg.
Founded in 1992, Waterlogic was one of the first companies to introduce Point-of-Use (POU) water dispensers that utilise the mains water supply. The company has been at the forefront of the POU market, promoting eco-friendly product design and quality, the application of new technologies, and world class service.
Veerle Claes, Managing Director, Waterlogic Benelux said, "Pure Services is the natural partner to help us establish a footprint in Belgium's fast-growing hydration market. The company has worked tirelessly over the last 12 years to establish an outstanding reputation for exceptional service and drinking water solutions for their customers."
Waterlogic has direct presence in 16 countries and an extensive independent global distribution network in place, reaching over 60 countries around the world. Waterlogic Belgium is part of the company's newly formed Benelux region alongside an already established market in the Netherlands and plans to enter Luxembourg, further fulfiling its strong growth ambition in Europe.
Emmanuel Eeman, former owner of Pure Services said, "We are very excited to be joining Waterlogic. Waterlogic's extensive range of dispensers are backed by superior technologies focused on delivering purified, great-tasting water in the most environmentally-
Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor. Pure Services is a recent acquisition as part of the company's buy and build strategy since the acquisition by Castik, and following substantial acquisitions in the US, UK, Australia, Spain, France, Germany, and Scandinavia.
Waterlogic is an innovative designer, manufacturer, distributor and operator of Point-Of-Use (POU) drinking water purification and dispensing systems designed for environments such as offices, factories, hospitals, hotels, schools, restaurants and other workplaces. Founded in 1992, Waterlogic was one of the first companies to introduce POU systems to customers worldwide, and has been in the forefront of the POU market, promoting product design and quality, the application of new technologies and world class sales and service. Waterlogic has its own subsidiaries in many markets and an extensive and expanding independent global distribution network in place, reaching over 60 countries around the world. Waterlogic products are currently distributed in North and South America, Europe, Asia, Australia and South Africa. Waterlogic's leading markets are the US, Australia and Western Europe, in particular the UK, Scandinavia, Germany and France. More information can be found at www.waterlogic.com
Castik Capital S.à r.l ("Castik") manages investments in private equity. Castik is a European multistrategy investment manager, acquiring significant ownership positions in European private and public companies, where long-term value can be generated through active partnerships with management teams. Founded in 2014, Castik is based in Luxembourg and focuses on identifying and developing investment opportunities across Europe. The advisor to Castik is Castik Capital Partners GmbH, based in Munich. Investments are made by the Luxembourg-based fund, EPIC I SLP, the first fund managed by Castik, which had its final fund close of EUR 1bn in July 2015.