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Aug, 22 2018

PepsiCo to Acquire SodaStream for $3.2 Billion

For SodaStream, the deal is a chance for further expansion and breakthrough innovation through PepsiCo's strong distribution capabilities, global reach, R&D, design and marketing expertise.

Beverage and snack giant PepsiCo has announced that it will buy SodaStream for $3.2 billion. PepsiCo agreed to pay $144 per share in cash for SodaStream's outstanding stock, a 32% premium to its 30-day volume weighted average price.

For SodaStream, the deal is a chance for further expansion and breakthrough innovation through PepsiCo's strong distribution capabilities, global reach, R&D, design and marketing expertise. SodaStream is the largest sparkling water brand in volume in the world, providing flavoured water drinks at the click of a button. The company was founded in Britain in 1903.

Indra Nooyi, PepsiCo’s Chairman and CEO, said, “PepsiCo and SodaStream are an inspired match. Daniel and his leadership team have built an extraordinary company that is offering consumers the ability to make great-tasting beverages while reducing the amount of waste generated. Together, we can advance our shared vision of a healthier, more sustainable planet”.

The products of SodaStream will be a cost-effective, customised and fun alternative to traditional fizzy drinks, fully complementing Pepsi’s growing portfolio.

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