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Article: A.O. Smith dives into water technology with eye to global market
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- October 11, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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By JOHN SCHMID
Not surprisingly, when A.O. Smith Corp. unveiled a $77 million
acquisition of a water technology company in China recently, the
Milwaukee manufacturer drew attention to its prospects in China.
It turns out, however, that A.O. Smith's ambitions in water
technology don't stop with the world's most populous nation.
Since its mid-September announcement, A.O. Smith executives have
made it clear the acquisition of Tianlong Holding Ltd. is part of a
broader and more global strategic expansion.
With its acquisition, A.O. Smith entered one of China's
unambiguous growth sectors: systems that filter water for homes and
small businesses in a nation where 75% of all groundwater is deemed ...