OSLO, Norway, March 15, 2010 /PRNewswire/ -- Waterlogic Norway is delighted to announce the completion of its Asset Purchase Agreement for the acquisition of rival water dispenser operator, Cool Chili AS, Norway.
Cool Chili is located in Oslo, Norway. The Company has been selling Point-of-Use water coolers in the Norwegian market since 2002 and is the fourth largest operator in the region.*
Matthew Lee, Managing Director of Waterlogic Norge AS, stated of the acquisition, "The Cool Chili business model of rental, service and coffee complements our current Oslo business and is part of Waterlogic's overall Scandinavian expansion plan to grow organically and through acquisitions of this nature".
This acquisition significantly increases Waterlogic's market share in Norway and confirms Waterlogic as the overall market leader in the Norwegian water cooler market. The management of Waterlogic Norway looks forward to introducing its enlarged Customer base to the Waterlogic range of water coolers and coffee solutions.
Waterlogic Norway is a subsidiary of Waterlogic International, global manufacturer of POU water dispensing systems. Since being established in 1992, Waterlogic International has grown to distribute in over 40 countries across four continents.
For more information on Waterlogic International, please visit the company website at: http://www.waterlogic.com
*Zenith Report - West Europe Point of Use Coolers June 2009.
For further questions or inquiries please get back to:
Marco Fuso
Marketing Communications Manager
Tel: +44(0)1256-400-110
Email: [email protected]
Chris Garner
Group Marketing Director
Tel: +44(0)1256-400-110
Email: [email protected]
SOURCE Waterlogic Norge AS
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