# SIT acquires Portuguese water meter maker Janz

SIT S.p.A. signed a binding agreement to acquire 100% of Janz-Contagem e Gestão de Fluídos S.A., a Portuguese manufacturer of residential water meters, marking SIT's entry into the water meters market.

- Type: Acquisition
- Announced: 2020-10-15
- Where: Portugal
- Status: announced
- Products: residential water meters
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [SIT](https://endata.com/companies/4698.md) (acquirer)
- [Janz-Contagem e Gestão de Fluídos](https://endata.com/companies/50540.md) (target)

## Sources

- [sitgroup.it](https://www.sitgroup.it/en/2020/10/15/sit-acquires-the-portuguese-janz-and-enters-the-water-meters-market/), 2020-10-15: "SIT acquires the Portuguese Janz and enters the water meters market"

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