Pentair Aquatic Systems Business Acquires Point Four Systems Inc.
Sanford, NC, October 15, 2012 - The Aquatic Systems global business unit of Pentair Ltd. (NYSE: PNR) announced today its acquisition of Point Four Systems Inc. (“PFS”) – a leading provider of engineered solutions and equipment for water quality monitoring and treatment. Point Four Systems is headquartered in Coquitlam, British Columbia Canada and has international subsidiaries in Puerto Montt, Chile and Suzhou City, China.
“PFS adds critical water quality technology to Pentair’s equipment portfolio while increasing our global reach,” said Karl Frykman, President of Pentair’s Aquatic Systems global business unit. “The combination of PFS along with our recent acquisition of Aquatic Eco-Systems, Inc. allows Pentair to be the single point of contact with the client while adding more technological capability and reaching a more global customer base.”
Robert D. Miller will continue in his role as Chief Financial Officer of Pentair’s Aquatic Systems business and has been appointed to lead the day-to-date operations of its aquaculture business, including PFS.
Terms of the deal were not disclosed.
ABOUT PENTAIR AQUATIC SYSTEMS
Pentair’s Aquatic Systems business provides leading edge equipment, accessories and water technology solutions to the swimming pools and aquaculture industries. Aquatic Systems produces a broad line of products from pumps and filtration equipment to thermal products, automated controls, lights, automatic cleaners, water purification and treatment technology, water features, and more. Applications for Aquatic Systems products include maintenance, repair and renovation of existing in-field equipment, as well as new installations in North America, Europe, and emerging markets such as China, Latin America and other countries.
ABOUT PENTAIR LTD.
Pentair Ltd. (www.pentair.com) delivers industry-leading products, services and solutions for its customers’ diverse needs in water and other fluids, thermal management and equipment protection. With pro forma revenues of approximately $8 billion, Pentair employs more than 30,000 people worldwide.
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