Watts Water Buys I-CON Systems to Expand Digital Plumbing Solutions

Watts Water Technologies, Inc. (WTS) recently acquired I-CON Systems Inc. (“I-CON”), a top provider of plumbing control solutions catering primarily to the corrections market. The acquisition, funded entirely with cash on hand, fosters WTS’ vision to drive innovation, digitalization and market expansion. The company aims to expand its digital offerings and tap into the correctional niche of the institutional market.With estimated annualized sales revenues of $25 million, I-CON specializes in providing vanda ...