Atlas Copco has agreed to acquire the German industrial pump manufacturer Pumpenfabrik Wangen GmbH from personal equity agency Silverfleet Capital.
Image © wladimir1804 – inventory.adobe.com.
pressure gauge ไฮ ด รอ ลิ ค in Wangen within the Allgäu region of Germany, Pumpenfabrik Wangen specialises in progressive cavity pumps used primarily within the biogas and wastewater sectors, and twin-screw pumps for food and beverage and cosmetics purposes.
Pumpenfabrik Wangen has manufacturing services in Germany, a US subsidiary and a world gross sales and service footprint. The company employs 265 individuals and had 2020 revenues of roughly €46.4 million.
“Industrial pumps is a section that we have recognized as a strategic fit for Atlas Copco and Wangen Pumpen has main differentiated know-how with a robust aftermarket enterprise,” mentioned Andrew Walker, president of Atlas Copco’s Power Technique business space. “Wangen Pumpen is a strong model and is known for quality in demanding industrial applications. This acquisition will create a strong foundation for additional progress in new industrial pump segments.”
The acquired business will turn out to be part of the Power and Flow division inside Atlas Copco’s Power Technique Business Area.
The deal is anticipated to be completed through the second quarter of 2022 and is topic to regulatory approvals.
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