Atlas Copco has agreed to accumulate the German industrial pump manufacturer Pumpenfabrik Wangen GmbH from private fairness firm Silverfleet Capital.
Image © wladimir1804 – stock.adobe.com.
เพรสเชอร์เกจไฮดรอลิค in Wangen in the Allgäu region of Germany, Pumpenfabrik Wangen specialises in progressive cavity pumps used primarily in the biogas and wastewater sectors, and twin-screw pumps for meals and beverage and cosmetics applications.
Pumpenfabrik Wangen has manufacturing amenities in Germany, a US subsidiary and a worldwide sales and repair footprint. The company employs 265 individuals and had 2020 revenues of roughly €46.4 million.
“Industrial pumps is a section that we’ve identified as a strategic match for Atlas Copco and Wangen Pumpen has leading differentiated technology with a powerful aftermarket enterprise,” mentioned Andrew Walker, president of Atlas Copco’s Power Technique enterprise area. “Wangen Pumpen is a powerful brand and is understood for quality in demanding industrial purposes. This acquisition will create a solid foundation for further development in new industrial pump segments.”
The acquired enterprise will become part of the Power and Flow division inside Atlas Copco’s Power Technique Business Area.
The deal is predicted to be completed during the second quarter of 2022 and is topic to regulatory approvals.
Share