Waterlogic Acquires Billi
MAIDENHEAD, UK & MELBOURNE, AUSTRALIA, 27 APRIL 2018 – Waterlogic, a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers, announced that, further to its statement of 13 March, it has successfully completed the acquisition of Billi’s business in Australia, the UK and international markets. The terms of the acquisition have not been disclosed.
Billi is a leading designer, manufacturer and distributor of boiling, chilled and sparkling filtered drinking water under-counter units, preferred by designers and architects for their timeless styling and space-saving design. The company is headquartered in Melbourne, Australia with 140 employees across Australia and the UK.
The combination of Waterlogic’s well-established global distribution network and customer base, and Billi’s best-in-class taps and excellent service capabilities, means that more businesses and homes around the world will enjoy great tasting, filtered drinking water.
Waterlogic has already enjoyed a 15-year partnership with Billi, with units currently in use throughout Australia and the UK.
Waterlogic Group CEO, Jeremy Ben-David said, “We are very pleased to welcome the Billi team to Waterlogic and look forward to building on Billi’s excellent relationships with customers, suppliers and distribution partners. This acquisition is part of our ongoing investment in innovative technology-driven products, as well as services and solutions which provide uncompromising quality and choice to our customers. The expansion of our product portfolio and service capabilities significantly strengthens our position as the total water solutions provider and accelerates our global growth.”
Waterlogic was acquired in January 2015 by funds managed by Castik Capital, the European private equity investor. The acquisition of Billi is the 16th manifestation of the company’s buy and build strategy since the acquisition by Castik, following substantial acquisitions in the US, UK, Australia, Spain, France, Germany, and Scandinavia.
Rosanna Turner, Group Marketing Communications Manager
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 50 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.
Billi is a manufacturer and distributor of innovative drinking water systems. In 1989 Billi conceived and manufactured a ground-breaking under-counter boiling and chilled filtered drinking water system. Today, Billi continues to lead the industry in innovation with boiling, chilled and sparkling under counter systems that save space, energy and time at home and the workplace. Billi systems are manufactured in Melbourne, Australia and distributed globally across countries including New Zealand, Hong Kong, Singapore, UAE and the UK. For more information, visit Billi's website at https://www.billi.com.au