Fluidra ( (ES:FDR) ) just unveiled an announcement.
Fluidra has announced a strategic alliance with Aiper, a rapidly growing manufacturer of cordless pool cleaning robots, by acquiring a 27% stake for $100 million. This partnership aims to combine Fluidra’s extensive industry experience with Aiper’s innovative technology to expand the pool cleaning market and offer enhanced solutions to a broader customer base. The alliance is expected to drive innovation, accelerate market penetration, and create new business opportunities, with Fluidra focusing on professional distribution and Aiper on retail consumer sales. Aiper’s significant growth in sales and its focus on smart, automated solutions highlight the potential impact of this collaboration on the industry.
More about Fluidra
Fluidra is a world leader in pool and wellness equipment and connected solutions, offering a wide range of high-quality products such as pressure, suction, solar, and manual cleaners, as well as automatic cleaners with or without cables. The company focuses on both professional and retail channels, leveraging its global knowledge, industrial capabilities, patents, and distribution networks.
YTD Price Performance: -7.89%
Average Trading Volume: 45,887
Technical Sentiment Signal: Sell
Current Market Cap: €4.3B
See more data about FDR stock on TipRanks’ Stock Analysis page.