Following completion of the deal,  DSK will be merged into Waterlogic Norway during 2012, aiming at driving  turnover and profit growth from cross-selling opportunities and achieving synergies and cost savings in the combined entity.


“We will dedicate a significant part of the capital raised to enlarge  and expand the company’s business through organic growth and  acquisitions of various companies.”


Countrywise will be able to offer customers a range of cooler services, including the installation and maintenance of mains-fed and bottled water coolers through a dedicated  customer service sales team and   fleet of drivers.


Since its establishment in 2003, Angel Springs has more than doubled in size as a result of acquisitions and a successful blend of organic growth and geographic expansion.


The 2010 revenue of the Danone bottled water unit was 2.87 billion Euros ($4 billion), which equals to about 17% of the total sales of the company.


The company has acquired Lithuania’s second biggest home and office delivery (HOD) supplier — UAB Neptüno vandens pristatymas— through its subsidiary in the Baltic region.