SeaWorld Parks & Entertainment is set to launch its third Aquatica waterpark in San Diego, US in early 2013.

The Orlando-based company has acquired Knott's Soak City in San Diego, a standalone Southern California waterpark, from Cedar Fair Entertainment Company.

Located in Chula Vista, the park is set to undergo extensive renovations to transform it into an Aquatica featuring a variety of water slides and rides, themed entertainment and exotic animals.

Jim Atchison, president of SeaWorld Parks & Entertainment, said: "These parks reflect the highest standard of quality in attractions, entertainment and theming, but the presence of animals makes the experience special.

"Aquatica San Diego will feature guest experiences with a variety of exotic animals. Having animals in our Aquatica parks adds an educational component to a waterpark."

SeaWorld Parks & Entertainment owns 11 parks across the US at locations including Orlando, California, San Antonio, Florida, and Pennsylvania.