Who Owns Aiper? Fluidra’s 27% Stake, Joint Control and Manufacturing Explained

Fluidra does not own Aiper outright. Fluidra Commercial, S.A.U. acquired 27% of Aiper Inc. in December 2025 through an approximately $100 million capital increase. Competition authorities describe W&D United Inc. and Fluidra as exercising joint control after the transaction. W&D held a majority of Aiper and exercised sole control before the deal; its exact percentage after the new-share issuance is not public in the sources reviewed for this article.

Fluidra has a path to become a majority shareholder in a planned second phase. That phase depends on Aiper reaching specified financial targets and has not been announced as completed. Aiper should therefore not be described as a wholly owned Fluidra brand.

The manufacturer question also needs more than one company name. The Aiper group develops and markets the products, Shenzhen Aiper Intelligent appears in trademark, product and regulatory records, and individual models may be assembled by contract manufacturers. The invoice seller, importer and warranty route can change with the country and channel.

Aiper Ownership and Responsibility at a Glance

Is Aiper Owned by Fluidra?

Fluidra owns 27% of Aiper Inc., not 100%.

Fluidra announced the transaction in April 2025 and completed the initial investment on December 23, 2025. The approximately $100 million investment was made through newly issued Aiper shares rather than a purchase of the whole business.

Fluidra’s 2025 annual report records a 27% interest in Aiper Inc. using the equity method. It describes Fluidra as a minority partner with a significant stake and reports an initial investment cost of €85.396 million. Aiper was not presented as a 100%-owned consolidated subsidiary.

The accurate short answer is:

Fluidra is a 27% shareholder and joint controller of Aiper, but it is not Aiper’s sole or majority shareholder as of the latest completed transaction.

That distinction matters to distributors. A strategic alliance may influence product planning, channels and governance without turning every Aiper contract, trademark or product liability into a Fluidra obligation.

What Role Does W&D United Play in Aiper’s Ownership?

Public competition records identify W&D United Inc. as Aiper’s pre-transaction majority shareholder and sole controller.

An August 2025 notification from the Cyprus Commission for the Protection of Competition says W&D is incorporated in the British Virgin Islands. Before the transaction, W&D held the majority of Aiper shares and exercised sole control over Aiper Inc.

The same disclosure describes Aiper Inc. as a private limited-liability company incorporated in the Cayman Islands. Fluidra’s annual report likewise lists Aiper Inc. as a Cayman Islands company and says its business includes the research, development and sale of wireless pool robots and garden-maintenance products.

The reviewed public sources do not provide W&D’s exact post-transaction percentage or a complete ultimate-beneficial-owner chart. They also do not supply a current direct ownership percentage for Aiper founder and CEO Richard Wang. Founder status, management control and share ownership should not be treated as interchangeable.

How Can Fluidra Jointly Control Aiper With Only 27%?

Economic ownership and corporate control answer different questions.

An investor can hold less than half of a company and still share control when governance agreements require its approval for important decisions. Those rights may concern budgets, management appointments, strategy, major investments or other reserved matters. The detailed Aiper shareholders’ agreement is not public, so its specific voting mechanics should not be invented.

The regulatory classification is nevertheless clear. Spain’s CNMC case C/1616/25 classifies the transaction as an acquisition of joint control. A subsequent CNMC announcement says Fluidra Commercial and W&D United acquired joint control of Aiper Inc.

The ownership map therefore has three separate layers:

This is why “Fluidra owns only 27%” and “Fluidra jointly controls Aiper” can both be accurate.

Will Fluidra Become Aiper’s Majority Owner?

Fluidra plans to pursue a second phase, but the majority investment remains a future transaction.

Its 2025 annual report says Phase II is planned after Aiper reaches revenue above $370 million and an EBITDA margin of approximately 15%. Fluidra could then increase its interest through a cash or in-kind investment.

Those thresholds are transaction conditions, not proof that the second phase has closed. Reaching a business target also should not be described as an automatic transfer of shares without checking the final agreements, approvals and completion announcement.

Fluidra’s first-quarter 2026 presentation said Aiper was “growing strongly, in line with plan,” but it did not disclose a separate quarterly revenue figure or announce the completion of majority ownership.

For contracts and credit review, buyers should use the completed 27% structure until an official filing reports a later closing.

Who Is Aiper Inc.?

Aiper Inc. is the Cayman Islands group company at the center of the investment and control structure. It sits above an operating network that uses Chinese, Singaporean, French, U.S. and other entities for different functions.

Aiper’s current company page traces the business to 2017 and describes a progression from cordless pool cleaning toward a wider smart-yard ecosystem. Fluidra’s transaction announcement identifies Richard Wang as Aiper’s founder and CEO.

Fluidra also disclosed that Aiper generated approximately $195 million in sales in 2024, up 75% year over year, employed around 470 people and operated two R&D centers with more than 270 engineers. These figures explain the strategic value of the group; they do not identify the legal counterparty for a particular shipment.

An importer purchasing Scuba, Seagull, EcoSurfer or another Aiper product still needs the company name shown on the quotation, invoice, product label, declaration and warranty document.

Who Owns the Aiper Trademark?

There is no safe one-line answer for every country and product class.

Public U.S. records show AIPER filings associated with Shenzhen Aiper Intelligent Co., Ltd., including a registration covering swimming-pool cleaning machines. Older AIPER registration history also shows an original filing by Wang Yang followed by an ownership change to the Shenzhen company. More recent U.S. applications use Aiper Global Pte. Ltd. as applicant.

Aiper’s June 2026 Terms of Service avoids naming one universal owner. It says Aiper intellectual property belongs to one or more Aiper entities.

The practical conclusion is territorial:

• check the exact word mark and logo in the destination country;
• search the pool-cleaner, machinery, software, retail and service classes relevant to the transaction;
• confirm the current owner, assignments, licences and renewal status;
• obtain written permission for marketplace listings, dealer advertising and local domains;
• do not use one U.S. record as a worldwide legal opinion.

Trademark ownership establishes the right to the mark. It does not by itself prove ownership of Aiper Inc., identify a physical factory or decide who owes a buyer a warranty remedy.

Who Makes Aiper Pool Cleaners?

The commercial answer is the Aiper group. The factory answer depends on the model.

Official sources describe more than one manufacturing footprint. Fluidra’s April 2025 transaction announcement referred to strategic manufacturing partners in China and Vietnam. A later CNMC competition report said Aiper used two OEMs in China and one in India. The difference may reflect timing, terminology or a changing supplier network; neither statement should be converted into one universal country of origin. A current Scuba X1 Pro Max manual names Shenzhen Aiper Intelligent Co., Ltd. as manufacturer. That is useful legal-manufacturer evidence for the document, but the Shenzhen office address does not establish the physical assembly plant for every unit.

Aiper’s own current FAQ uses broader language: it says most components are produced across Asia and the company has multiple manufacturing bases in the region. That supports a multi-site supply-chain answer, not a model-specific origin conclusion.

U.S. Consumer Product Safety Commission records demonstrate the SKU-level variation:

The 2023 Elite Pro notice and 2025 Seagull Pro notice apply only to the identified recalled models. They do not prove that the same factories produce Aiper’s current Scuba or 2026 product lines.

They do prove why “made by Aiper” is incomplete for supplier due diligence. A product can carry the Aiper brand, name a group company as legal manufacturer or distributor, and be assembled by a separate contract manufacturer.

For a current order, request the model-specific declaration, rating label, factory name, audit report, country-of-origin evidence, battery documentation and serial-number traceability.

Where Are Aiper Pool Cleaners Made?

Aiper’s disclosed manufacturing network spans multiple Asian countries. Fluidra referred to partners in China and Vietnam, while the later CNMC report identified two OEMs in China and one in India. The reviewed official sources do not support assigning one country or plant to every Aiper model.

The two CPSC recall records identify China as the origin of the affected products. They provide no basis for applying Chinese origin to every current SKU. A disclosed partner in Vietnam or India likewise does not prove origin for a particular product unless the batch, substantial-transformation rules and customs documents support it.

Distributors should verify origin through:

1. the unit and carton origin marking;
2. the current declaration and test report for the exact model;
3. the assembly factory and component bill of materials;
4. the exporter and customs classification;
5. the importer’s origin declaration;
6. the destination country’s rules of origin and tariff treatment.

Brand nationality, company registration and customs origin can all point to different countries.

Which Aiper Company Handles Each Region or Function?

Aiper’s current legal pages separate website, data, dealer and sales functions.

The U.S. Terms of Service name Aiper Global Pte. Ltd. for the wider service platform. The privacy notice assigns the app and account to the Singapore company while naming Aiper Intelligent SARL for EEA/UK sales-related customer data. The UK Terms of Sale name the French company as the website operator.

The U.S. direct-store sales page available during this review did not clearly display a contracting entity in its opening clause. A commercial buyer should use the entity on the final checkout, order confirmation, invoice and payment record rather than infer the seller from the domain.

Does Fluidra Handle Aiper Sales and Warranty?

Not automatically.

Fluidra said the alliance would combine its industrial capabilities, patents and professional distribution network with Aiper’s cordless technology and consumer-focused retail model. Fluidra expected to remain focused on professional distribution while Aiper concentrated on consumer retail channels.

That strategic channel plan does not make every Fluidra company the seller or warrantor of every Aiper product. The existing World Clean Biz analysis, Aiper’s Ambition: Why Fluidra Is Betting on a Chinese Pool Robotics Brand, examines the commercial logic behind the alliance.

Aiper’s authorized-sales-channel page lists different approved sellers for the United States, Canada, Australia and Europe. It also says products bought through unauthorized resellers are outside Aiper’s warranty policy. The current U.S. warranty page assigns different periods to product bodies, models, accessories and consumables.

For distributors, warranty eligibility should be documented by country, channel, SKU and purchase date. A logo on a website is not a substitute for a written authorization letter or service agreement.

Aiper Distributor and Procurement Checklist

Before approving an Aiper order or dealership, verify:

1. Ownership date: Is the analysis based on the completed 27% transaction or an uncompleted Phase II assumption?
2. Counterparty: Which legal company issues the quotation, invoice and credit note?
3. Payment beneficiary: Does the bank account belong to the contracting company or an authorized collection entity?
4. Trademark rights: Who owns the relevant AIPER marks in the destination and product classes?
5. Authorization: Is the supplier authorized for the country, channel, marketplace and exact models?
6. Legal manufacturer: Which entity is printed on the current product, manual and declaration?
7. Physical factory: Which site assembles the ordered batch, and has the buyer audited it?
8. Origin: What country is declared on the product, carton and customs entry?
9. Importer: Which company carries local regulatory, recall and documentation duties?
10. Compliance files: Who controls the electrical, radio, battery, chemical, packaging and environmental documents?
11. Software region: Will the app, account, firmware and connected functions work in the destination market?
12. Warranty and recalls: Who pays for parts, freight, replacements, field service, batch returns and recalls?
13. Dealer economics: Are rebates, stock rotation, price protection and seasonal inventory terms written into the agreement?
14. Traceability: Can the supplier connect serial number, production batch, factory, battery lot and shipment?

World Clean Biz’s guides to Dolphin and Maytronics and WYBOT and WYBOTICS show two different structures: an established listed pool-robot group and a Chinese manufacturer building its own brand. Aiper adds a third model—a privately held Chinese-origin robotics group under joint control with a listed global pool-equipment company.

The broader supplier landscape is covered in Robotic Pool Cleaner Manufacturers in China: A Buyer’s Guide.

Frequently Asked Questions

Who owns Aiper?

Fluidra Commercial owns 27% of Aiper Inc., and competition authorities describe Fluidra and W&D United as jointly controlling Aiper after the December 2025 transaction. W&D held a majority and sole control before the deal; its exact percentage after the new-share issuance is not disclosed in the reviewed public sources.

Is Aiper owned by Fluidra?

Partly. Fluidra owns 27% of Aiper Inc. It does not own Aiper outright and has not announced completion of its planned majority-investment phase.

What is Aiper’s parent company?

Aiper Inc. is the Cayman Islands group company at the center of the ownership structure. Fluidra holds 27%, and W&D United shares control with Fluidra. The reviewed public sources do not disclose W&D’s exact post-transaction percentage or a higher ultimate-beneficial-owner chart.

Who is W&D United?

W&D United Inc. is a British Virgin Islands company identified by competition regulators as Aiper’s pre-transaction majority shareholder and sole controller. After the investment, it shares control with Fluidra. Its precise post-transaction percentage and ultimate owners are not disclosed in the reviewed public materials.

Will Fluidra buy the rest of Aiper?

Fluidra has announced a path to a majority stake after Aiper reaches specified revenue and EBITDA-margin targets. No reviewed official source says that Phase II has been completed.

Who founded Aiper?

Fluidra identifies Richard Wang as Aiper’s founder and CEO. Aiper’s current company history traces the business to 2017. The public sources reviewed here do not give his current direct shareholding percentage.

Who manufactures Aiper pool cleaners?

The Aiper group develops and markets them. Shenzhen Aiper Intelligent appears as legal manufacturer or distributor in product documents, while individual models may use contract manufacturers. The answer must be checked by SKU.

Are Aiper pool cleaners made in China?

Some are. U.S. recall records identify China as the origin of the affected Elite Pro and Seagull Pro models. Fluidra referred to strategic manufacturing partners in China and Vietnam, while a later CNMC report identified two Chinese OEMs and one Indian OEM. One origin should not be assigned to the whole range.

Who owns the Aiper trademark?

Ownership varies by country, class and filing. U.S. records include Shenzhen Aiper Intelligent and more recent applications by Aiper Global Pte. Ltd. Search the current official register in the destination market.

Which company provides Aiper’s warranty?

The practical route depends on country, seller, channel, model and purchase date. Use the regional warranty policy, authorized-seller list, invoice and serial number. Dealer or retailer obligations may also apply under local law.

The Bottom Line

Fluidra owns 27% of Aiper Inc., and regulators describe the completed transaction as joint control by W&D United and Fluidra. W&D held a majority and sole control before the investment, but its exact percentage after Fluidra received newly issued shares is not disclosed in the reviewed public sources. The planned second phase could give Fluidra a majority stake after Aiper meets specified financial targets, but that future ownership change has not been announced as completed.

Below the shareholder level, Aiper operates through several entities. The Cayman company anchors the group structure; Shenzhen Aiper appears in intellectual-property, product and regulatory records; Aiper Global in Singapore handles global service and app functions; the French SARL covers important EEA/UK roles; and specific products can use outside contract manufacturers.

For procurement, follow the exact transaction: current shareholder disclosure, destination-country trademark, model label, declaration, assembly factory, origin evidence, invoice seller, importer, dealer authorization, software region, spare-parts plan and warranty terms. That chain identifies responsibility more reliably than a single parent-company label.