Drinking water dispenser Waterlogic has signed agreements to acquire 100% of Billi’s business in Australia, the UK and international markets.

The deal, announced on 13 March 2018, brings together Billi’s UTS products with Waterlogic’s global distribution network, customer base, and purification technologies, in a push to accelerate growth in new and existing markets.

Waterlogic Group chief executive Jeremy Ben-David says, “The acquisition of Billi aligns two best-in-class brands with high-end technology, reputation for quality and customer service, and complementary product portfolios.

“This combination will position Waterlogic as the total water solutions provider and significantly advance our global growth. The transaction is a testament to the accomplishments of Billi, and we warmly welcome their 140 employees to Waterlogic.”

The deal is expected to complete at the end of March 2018.

Waterlogic was acquired in January 2015 by funds managed by European private equity investor Castik Capital.