# Wavin to acquire majority stake in Vectus Industries

Wavin, an Orbia business, announced it will acquire a majority stake in Vectus Industries, an Indian manufacturer of plumbing and drainage pipes and water storage tanks. The deal is expected to close in Q1 2022.

- Type: Acquisition
- Announced: 2022-02-21
- Where: India
- Status: announced
- Products: plumbing pipes, drainage pipes, water storage tanks
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Wavin](https://endata.com/companies/1294.md) (acquirer)
- [Vectus Industries](https://endata.com/companies/59926.md) (target)

## Sources

- [watermagazine.co.uk](https://www.watermagazine.co.uk/2022/02/21/wavin-joins-forces-with-vectus-to-provide-the-indian-market-with-access-to-water-and-sanitation-solutions/), 2022-02-21: "Wavin, an Orbia business, has announced that it will acquire a majority stake in Vectus Industries, a privately-held manufacturer of plumbing and drainage pipes and the market leader in water storage tanks in India."

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