PepsiCo to acquire SodaStream for $3.2 billion

PepsiCo Inc. and SodaStream International have entered into an agreement under which PepsiCo has agreed to acquire all outstanding shares of SodaStream for $144 per share in cash, in a transaction valued at $3.2 billion. PepsiCo’s strong distribution capabilities, global reach, R&D, design, and marketing expertise, combined with SodaStream’s differentiated and unique product range will position SodaStream for further expansion and innovation.

“PepsiCo and SodaStream are an inspired match,” said Indra Nooyi, PepsiCo chairman and CEO. “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. That focus is well-aligned with Performance with Purpose, our philosophy of making more nutritious products while limiting our environmental footprint. Together, we can advance our shared vision of a healthier, more sustainable planet.”

The acquisition has been unanimously approved by the boards of directors of both companies. The transaction is subject to a SodaStream shareholder vote, certain regulatory approvals, and other customary conditions, and closing is expected by January 2019.