Oase acquires Eden

The Oase Group from Hörstel, Germany, is to acquire the Italian company Eden with immediate effect. According to Oase, the aim of this takeover is to consolidate its potential for innovation further and to add the aquatics segment to the group’s activities. Both parties have agreed not to disclose the purchase price. Eden manufactures products for aquariums and water gardens at its plant in Cartigliano in northern Italy. The acquisition was supported by Equistone Partners Europe of Munich, the financial investor that has been advising the principal shareholders of the Oase Group since 2011.