Atlas Copco has agreed to acquire the German industrial pump producer Pumpenfabrik Wangen GmbH from private fairness agency Silverfleet Capital.
Image © wladimir1804 – stock.adobe.com.
Headquartered in Wangen in the Allgäu area of Germany, Pumpenfabrik Wangen specialises in progressive cavity pumps used primarily in the biogas and wastewater sectors, and twin-screw pumps for food and beverage and cosmetics applications.
Pumpenfabrik Wangen has manufacturing amenities in Germany, a US subsidiary and a worldwide gross sales and repair footprint. The company employs 265 folks and had 2020 revenues of approximately €46.four million.
“ เกจ์วัดแรงดันแก๊ส is a segment that we now have identified as a strategic match for Atlas Copco and Wangen Pumpen has leading differentiated expertise with a robust aftermarket business,” mentioned Andrew Walker, president of Atlas Copco’s Power Technique enterprise space. “Wangen Pumpen is a powerful brand and is known for quality in demanding industrial functions. This acquisition will create a strong basis for further development in new industrial pump segments.”
The acquired enterprise will become a half of the Power and Flow division within Atlas Copco’s Power Technique Business Area.
The deal is predicted to be completed during the second quarter of 2022 and is subject to regulatory approvals.
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