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