◂ Announcements

Apr 3, 2020ACQUISITIONUnited Kingdom

Polypipe Group acquires ADEY for £210m

LDC exited its investment in ADEY to Polypipe Group plc in a £210m transaction. ADEY is a UK market leader in solutions for water-based heating systems.

Value

$290.0M (210.0M GBP)

Status

Completed

Productsheating system protection solutionswater testing kits

CompaniesLDC investor Polypipe acquirer ADEY target

Sectors#HVAC and Industrial Refrigeration #Water Treatment Equipment

“With LDC’s support, we have scaled significantly both at home and overseas in the last four and a half years, enabling us to provide our customers around the world with the best possible preventative solutions in the heating systems market.”ldc.co.uk

1 source
ldc.co.ukADEY: supporting award-winning growth | LDCMatthew Webber, CEO ADEYApr 3, 2020

Summarized from public sources; check the original articles before acting on it.

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