# LIXIL to acquire remaining 49% of Grohe Dawn Watertech in South Africa

LIXIL Corporation will acquire the remaining 49% of shares in Grohe Dawn Watertech Holdings from DAWN for ZAR 324.5 million, gaining full ownership. The Johannesburg-based joint venture will be rebranded as LIXIL Africa.

- Type: Acquisition
- Announced: 2017-09-15
- Where: Johannesburg, South Africa
- Value: $24.0M (324.5M ZAR)
- Status: announced
- Products: sanitary ware, water technology products
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [LIXIL Group](https://endata.com/companies/6463.md) (acquirer)
- [Distribution and Warehousing Network Limited](https://endata.com/companies/26954.md) (target)
- [Grohe Dawn Watertech Holdings Proprietary Limited](https://endata.com/companies/26955.md) (target)

## Sources

- [buype.co.za](https://buype.co.za/lixil-to-wholly-acquire-grohe-dawn-watertech-in-south-africa/), 2017-09-15: "Full ownership of GDWT will strategically position us for growth in South Africa and the emerging markets of Sub-Saharan Africa."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.