India, Nov. 13 -- Advanced Drainage Systems, Inc. (WMS), a water management solutions provider, on Thursday announced that it has completed the acquisition of Storm Trap Invesments LLC.

The company added that the transaction expands its addressable market with a complementary offering in storm-water storage solutions, suits its go-to-market capabilities, provides cross-selling opportunities, besides others.

President and Chief Executive Officer Scott Barbour said, with the acquisition of Storm Trap, Advanced Drainage would become a diversified water solutions business with enhanced portfolio.

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In the pre-market hours Friday, Advanced Drainage Systems' sh...